* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 22, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Devil Wears Prada 2’ casts Anne Hathaway’s love interest replacing Adrian Grenier’s Nate – Entertainment Weekly

    Devil Wears Prada 2′ Casts New Love Interest for Anne Hathaway, Replacing Adrian Grenier’s Nate

    12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

    12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

    Canes Owner Tom Dundon’s Real Estate Firm Unveils Plans for Thrilling New Entertainment Complex Near RDU

    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

    Kroger shares summer entertainment tips – Supermarket Perimeter

    Ultimate Summer Entertainment Tips to Make Your Season Unforgettable

    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Cold Weather Alloy Opens New Possibilities for Space Technology – Universe Today

    Revolutionary Cold Weather Alloy Unlocks New Frontiers in Space Technology

    Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

    Bull of the Day: Credo Technology Group (CRDO) – Yahoo Finance

    Bull of the Day: Why Credo Technology Group (CRDO) Is Poised for a Breakout

    BlackSky Technology Inc. Stock Analysis and Forecast – Explosive wealth accumulation – Jammu Links News

    BlackSky Technology Inc.: Unlocking Explosive Wealth Potential Through Expert Stock Analysis and Forecast

    Polypurine Hairpin Technology is Safe, Effective at Inhibiting PCSK9 to Regulate Cholesterol – Pharmacy Times

    Polypurine Hairpin Technology: A Safe and Powerful Breakthrough for Controlling Cholesterol by Targeting PCSK9

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Devil Wears Prada 2’ casts Anne Hathaway’s love interest replacing Adrian Grenier’s Nate – Entertainment Weekly

    Devil Wears Prada 2′ Casts New Love Interest for Anne Hathaway, Replacing Adrian Grenier’s Nate

    12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

    12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

    Canes Owner Tom Dundon’s Real Estate Firm Unveils Plans for Thrilling New Entertainment Complex Near RDU

    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

    Kroger shares summer entertainment tips – Supermarket Perimeter

    Ultimate Summer Entertainment Tips to Make Your Season Unforgettable

    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Cold Weather Alloy Opens New Possibilities for Space Technology – Universe Today

    Revolutionary Cold Weather Alloy Unlocks New Frontiers in Space Technology

    Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

    Bull of the Day: Credo Technology Group (CRDO) – Yahoo Finance

    Bull of the Day: Why Credo Technology Group (CRDO) Is Poised for a Breakout

    BlackSky Technology Inc. Stock Analysis and Forecast – Explosive wealth accumulation – Jammu Links News

    BlackSky Technology Inc.: Unlocking Explosive Wealth Potential Through Expert Stock Analysis and Forecast

    Polypurine Hairpin Technology is Safe, Effective at Inhibiting PCSK9 to Regulate Cholesterol – Pharmacy Times

    Polypurine Hairpin Technology: A Safe and Powerful Breakthrough for Controlling Cholesterol by Targeting PCSK9

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Sam Bankman-Fried Trial Day 2: Celebrity & Politician Ties to Bolster Image

October 5, 2023
in Business
Sam Bankman-Fried Trial Day 2: Celebrity & Politician Ties to Bolster Image
Share on FacebookShare on Twitter

The second day of the high-profile Sam Bankman-Fried trial in New York has concluded, and the jury has been narrowed down to twelve. Furthermore, the initial arguments from both sides were aired with a scathing attack on the former crypto billionaire. 

Prosecutors alleged that Sam Bankman-Fried hung out with celebrities and politicians to build up his image while secretly committing fraud behind the scenes.

Prosecutors Guns Blazing 

The courtroom was more subdued than the melee of the first day’s initial jury selection. The final twelve jurors were selected, including an investment banker, a postal service worker, a physician’s assistant, a train conductor, a nurse, and a teacher. 

There were nine women and three men aged between early 30s and late 60s. 

After the selection, the prosecutors and defense delivered a 15-minute opening statement.

The prosecutors claim SBF misled customers into believing their funds were safe with FTX when, in reality, he was taking the money. The opening arguments largely concerned a spurious “fiat@” accounting entry for FTX and Alameda.

They alleged that someone funneled billions to Bankman-Fried’s hedge fund Alameda Research through fake bank accounts and backdoor wallet access.

According to a transcript from Inner City Press, Assistant US Attorney Nathan Rehn said,

“An exchange is supposed to make money by taking a fee, not by taking the customers’ money.”

They also claimed SBF used the exchange funds to enrich himself, make political donations, and cover Alameda’s debts.

Bankman-Fried allegedly gave Alameda the ability to withdraw FTX funds, writing it directly into the platform’s code. 

When his businesses were collapsing, he backdated documents and tried to cover up his crimes. The prosecutor continued, claiming they accomplished this by deleting messages and instructing employees to automatically erase them every month.

One of the trial’s first witnesses, Adam Yedidia, supported the claims. He testified under protection because, as an FTX developer, he might have unwittingly written code that contributed to a crime.

In Defense of SBF 

Defense lawyer Mark Cohen told jurors in his opening statement that his client had “a very different story” to tell. “Sam didn’t defraud anyone, didn’t intend to defraud anyone,” he said. 

“Sam acted in good faith and made, at the time, what were considered sound business decisions.”

“It is not a crime to be a CEO of a company that filed for bankruptcy,” Cohen said. He added,

“It’s not a crime to try to get Tom Brady to go on ads for your company.”

Authorities have leveled seven charges, including wire fraud and conspiracy, against Bankman-Fried. The trial is expected to last about six weeks and he has maintained a plea of not guilty to the charges. 

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BeingCrypto – https://beincrypto.com/sam-bankman-fried-trial-celebrity-politician/

Tags: Bankman-Friedbusinesstrial
Previous Post

Coffeezilla ‘Speechless’ Over Michael Lewis’ New Book, Alleges Defense of SBF

Next Post

Trust Wallet Token (TWT) Clears 130-Day Resistance – Is $1 the Next Stop?

Saturday is for the buzz? Fox Sports inks TV deal with Barstool Sports, Dave Portnoy – The New York Times

Saturday is for the buzz? Fox Sports inks TV deal with Barstool Sports, Dave Portnoy – The New York Times

July 22, 2025
Zegna Plants Roots in Aspen with Ambition to Expand Conservation Initiatives Globally – The Impression

Zegna Plants Roots in Aspen with Ambition to Expand Conservation Initiatives Globally – The Impression

July 22, 2025
EPA targets science research office – The Hill

EPA targets science research office – The Hill

July 22, 2025
Column | Does red meat cause cancer? Here’s what the science says. – The Washington Post

Does Red Meat Cause Cancer? What the Science Really Reveals

July 22, 2025
People who let dirty dishes pile up rather than washing them immediately usually display these 9 behaviors – VegOut

9 Surprising Reasons People Let Dirty Dishes Pile Up Instead of Washing Them Immediately

July 22, 2025
Leon Marchand Drops 200 Breast & 200 Fly From 2025 World Championships Schedule – SwimSwam

Leon Marchand Pulls Out of 200 Breaststroke and 200 Fly at 2025 World Championships

July 22, 2025
Will Zohran Mamdani help or hurt New York’s economy? – Al Jazeera

Will Zohran Mamdani Shape or Shake New York’s Economic Future?

July 22, 2025
‘Devil Wears Prada 2’ casts Anne Hathaway’s love interest replacing Adrian Grenier’s Nate – Entertainment Weekly

Devil Wears Prada 2′ Casts New Love Interest for Anne Hathaway, Replacing Adrian Grenier’s Nate

July 22, 2025
Monday Mental Health Movement: Day Treatment Programs – WDTV 5

Monday Mental Health Movement: Exploring the Impact of Day Treatment Programs

July 22, 2025
A rare primary against Phil Berger could be an ‘earthquake moment’ in NC politics | Opinion – Charlotte Observer

A Rare Primary Challenge to Phil Berger Could Shake Up North Carolina Politics

July 22, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (733)
  • Economy (756)
  • Entertainment (21,640)
  • General (16,035)
  • Health (9,794)
  • Lifestyle (764)
  • News (22,149)
  • People (758)
  • Politics (765)
  • Science (15,973)
  • Sports (21,254)
  • Technology (15,738)
  • World (739)

Recent News

Saturday is for the buzz? Fox Sports inks TV deal with Barstool Sports, Dave Portnoy – The New York Times

Saturday is for the buzz? Fox Sports inks TV deal with Barstool Sports, Dave Portnoy – The New York Times

July 22, 2025
Zegna Plants Roots in Aspen with Ambition to Expand Conservation Initiatives Globally – The Impression

Zegna Plants Roots in Aspen with Ambition to Expand Conservation Initiatives Globally – The Impression

July 22, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version