Sorkin started his interview by noting there are two views of what occurred at FTX. The first is that Bankman-Fried is a young founder who made a series of terrible decisions. The second is that he committed a Ponzi scheme that took advantage of the relationship between FTX and Alameda Research, a trading firm that Bankman-Fried cofounded in 2017. Bankman-Fried denied the latter allegations, saying,"I did not ever try to commit fraud on anyone.
"I haven't been running Alameda. I haven't been thinking about its finances," he said."I haven't been making those decisions. But as CEO of FTX, it was still my duty to make sure someone was doing diligence."Elizabeth Holmes was sentenced to more than 11 years in federal prison.who was found guilty on four counts of defrauding investors in January 2022
, told the SEC"I don't know" more than 600 times during its questioning of her in 2019. In November, she was sentenced to more than 11 years in prison. Holmes' efforts to blame others for Theranos' mistakes while highlighting her ignorance is a common tactic among fraud defendants, Rahmani told the Times. Holmes and her team"are going to do everything they can to distance themselves from that knowledge," he said.
While denial can be a plausible defense, jurors are often too savvy to accept the strategy. Jeffrey Cohen, an associate professor at Boston College Law School,"What I would expect a defendant in a high-profile case to do is try to humanize themselves and make the jury see that they're not just a corporate CEO, but a person with the flaws that any person might have who's running a large corporation," Cohen said.
Needs a better haircut when he meets the judge. Looks like a crackhead.
I want to hear formal apologies from both of them. Sam to crypto investors and Anna to American Express 🤣 elonmusk can you get them on Oprah?
Sounds like he’s admitting he broke the law.Intent has nothing to do with anything.
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