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Bankman-Fried Fraud Trial Opens to Dueling Narratives

Summary by Ground News
In opening arguments Wednesday in the criminal fraud trial of former FTX CEO Sam Bankman-Fried, prosecutors said he used billions of dollars of customer money for personal enrichment. They said he amassed power and influence that put him on top of the world, but that it was all built on lies.

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Bankman-Fried Fraud Trial Opens to Dueling Narratives

Prosecutors accused FTX co-founder Sam Bankman-Fried of committing a “massive” fraud, while the defense said the 31-year-old crypto entrepreneur didn't intend to defraud anyone.

·New York, United States
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Barron's broke the news in New York, United States on Wednesday, October 4, 2023.
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