FTX Boss Man Sam Bankman-Fried: Da One First Kine Guy fo’ Crypto Exchange 🤙💰🌴
But his defense lawyers stay saying he only was trying fo’ keep his cryptocurrency exchange from going belly up. 👩⚖️🏛 Barbara Fried and Joseph Bankman, who is Sam’s maddah and faddah respectively, showed up at federal court in Manhattan on Wednesday for watch their son’s criminal fraud trial. (Photo by Jefferson Siegel for The New York Times) By David Yaffe-Bellany, Matthew Goldstein an J.
Edward Moreno – reporting live from the Daniel Patrick Moynihan U.S. Courthouse in Manhattan on Oct 4th 2023 Federal prosecutors wen open da criminal trial of Mr.Bankman-Fried on Wednesday with one simple message: He went “lie to everybody,” causing one of the biggest financial scams eva seen this generation. Mr.Bankamn-Freid’s lawyer had a different kine story though; he said that Mr.Freid was just a good-intentioned entrepreneur who acted “in good faith” fo’ make sure his company did well – neva had any intention fo’ rip off anybody!
This argument is right at the heart of this whole case which has become high profile since Elizabeth Holmes (founder Theranos) got convicted last year for fraud too! Sam used to be known as one hotshot crypto kid; At age 31 became billionaire almost overnight but then saw everything come crashing down when FTX collapsed last year taking all him money with it! He now being charged with orchestrating a conspiracy to use $10 billion that FTX’s customers had trusted him with for all kine personal projects, including venture capital investments, political donations and even buying luxury real estate.
NOW IN ENGLISH
FTX CEO Sam Bankman-Fried: Crypto Exchange Pioneer
The renowned cryptocurrency leader, Sam Bankman-Fried, is on trial for fraud.
His lawyers argue that he never intended to commit the alleged acts.
Bypassing all other details and focusing on the main story: Today’s Technology Paper discusses updates regarding Sam Bankman-Fried’s trial.
Prosecutors have accused this FTX founder of misleading his clients.However, his defense attorneys maintain that he was merely attempting to prevent his cryptocurrency exchange from going under 👩⚖️🏛 Barbara Fried and Joseph Bankman, who are respectively Sam’s mother and father were present at a federal court in Manhattan on Wednesday to witness their son’s criminal fraud trial (Photographed by Jefferson Siegel for The New York Times).
This report is brought you by David Yaffe-Bellany, Matthew Goldstein an J.Edward Moreno – broadcasting live from Daniel Patrick Moynihan U.S Courthouse in Manhattan as of October 4th 2023 Federal prosecutors initiated Mr.Bankman-Fried’s criminal case with one clear message: He allegedly lied to everyone, leading up one of the largest financial scams ever witnessed this generation.
However Mr.Bankamn-Freid’s attorney told a different tale; they argued that Mr.Freid was simply a well-meaning entrepreneur who acted “in good faith” aiming only at enhancing his company – without any intention whatsoever defraud anyone!This argument lies right at the core of this entire case which has gained significant attention since Elizabeth Holmes (founder Theranos) was found guilty last year also due fraudulent activities!
Once regarded as an exceptional crypto prodigy; At age 31 became billionaire almost instantly but then experienced everything falling apart when FTX collapsed last year taking all him money along with it!
