Flaming terd Sam Bankman-Fried has been convicted on all counts, what a surprise, and will be going to Federal jail for an extended period.
A lesson for the rest of us is to NEVER testify in your own defense. He repeatedly called something “effectively correct” instead of saying yes. He responded, “I’m not sure what you’re referring to,” so many times people were laughing. Mopbucket now faces a maximum sentence of 115 years.
Bankman-Fried said some version of “I can’t recall” over 140 times in his cross-examination.
“that’s a hypothetical.”
Bankman-Fried is trying to avoid serious time and it hasn't gone well. When confronted with questions, he relies on weasel phrases. These include: “I don’t recall,” “I’m not entirely sure,” “that’s not how I thought of it,” “depends on the context,” “it’s possible,” “something to that effect,” “not to my memory,” “it could have been,” “I wouldn’t phrase it that way,” “to some extent,” “no, but I may have,” “I don’t know,” “that wasn’t how I understood it at the time,” “depends on how you define it.”
Crypto boss Sam Bankman-Fried, 31, will speak in his own defence at his fraud trial in New York today.
This comes after prosecutors wrapped up their case against the mopbucket.
He is accused of lying to investors and lenders while stealing money from customers of his now-bankrupt cryptocurrency exchange, FTX.
Bankman-Fried, who faces decades in jail if convicted on the massive open steal, denies any wrongdoing.
Bankman-Fried pleaded not guilty.
Bahamian authorities extradited him to the United States. In an interview on "Good Morning America," FTX founder Sam Bankman-Fried said he was "vaguely aware" that FTX lent stolen customers' funds to its sister firm, Alameda Research.
Permanent bad hair day Bankman-Fried of $10b fraud FTX says he is not a crook. He also says he is almost broke. Bankman-Fried, 30, said his lawyers advised him not to speak publicly, but he ignored them because he knows better.
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