FTX founder Sam Bankman-Fried concluded his defense in his fraud trial on Tuesday, saying he felt “regret” for not looking into the $8 billion his hedge fund borrowed from the cryptocurrency exchange before it collapsed last November.
.Bankman-Fried was trying to convince the 12-person jury to acquit him of the two counts of fraud and five counts of conspiracy he faces. His father, Stanford Law School professor Joseph Bankman, attended Tuesday’s session, once passing a note to his son’s lawyers.
Source: Loan Digest (loandigest.net)
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