A jury Thursday night found FTX founder Sam Bankman-Fried guilty on all seven counts of fraud, conspiracy and money laundering following more than two weeks of testimony in one of the highest-profile financial crime cases in years. CBS News legal analyst Rikki Klieman and national correspondent ...
66. These statements were materially false and misleading because of a critical omission: Bankman-Fried did not reveal that the automatic risk engine did not apply to the accounts of its most important customer—Alameda. As discussed above, Wang and other FTX engineers—as part of Defendants’ ...
Bankman-Fried constantly asserted he had no knowledge of events taking place at Alameda. This assertion was refuted by Wang and Ellison’s statements, however.