Sam Bankman-Fried was ‘maths nerd’ who overlooked risk, his lawyer tells fraud trial

Greedy fraudster or 'math nerd'? Sam Bankman-Fried fraud trial hears opening arguments

FTX founder Sam Bankman-Fried leaves Federal court on July 26, 2023, in New York. Mary Altaffer/AP Greedy fraudster or 'math nerd'? Sam Bankman-Fried fraud trial hears opening arguments Barnini Chakraborty October 04, 04:48 PM October 04, 04:48 PM Video Embed Sam Bankman-Fried siphoned billions of dollars from unsuspecting customers to fund a lavish lifestyle and buy himself "power and influence" on Cap…

Sam Bankman-Fried was ‘maths nerd’ who overlooked risk, his lawyer tells fraud trial

But prosecutor says in opening statement that Bankman-Fried lied and committed fraud ‘on a massive scale’

Sam Bankman-Fried was ‘math nerd’ who did not steal, defense says at trial

By Luc Cohen and Jody Godoy NEW YORK (Reuters) -Sam Bankman-Fried’s lawyer laid out his defense case at his fraud trial on Wednesday, portraying the 31-former billionaire as a “math nerd” who overlooked risk management in building his FTX exchange, but did not steal customer money. Bankman-Fried has pleaded not guilty to charges he used FTX customer money from the exchange’s 2019 launch until its November 2022 bankruptcy in order to prop up his…