[ad_1]
Justice has been served — and swiftly, too.
A jury discovered fallen crypto mogul Sam Bankman-Fried responsible of seven counts of fraud and conspiracy after simply 5 hours of deliberation, markedly much less time than it took for jurors to puzzle over Elizabeth Holmes’ Theranos scandal or Raj Rajaratnam’s insider buying and selling at hedge fund Galleon. And whereas that is definitely crypto’s largest case of fraud, it undoubtedly gained’t be the final.
If the 31-year-old’s culpability for the “pyramid of deceit” behind FTX’s collapse appeared so apparent, it’s partly as a result of he was prosecutorial gold. You didn’t need to know what a blockchain was to understand his former lieutenants saying that the $8 billion of lacking buyer funds occurred on his watch and along with his data. Nor did you need to grasp typically accepted accounting rules to see that the curly-haired wunderkind’s personal testimony contradicted his communications and digital data. Bankman-Fried had no filter, although his legal professionals may want he had.
[ad_2]
Source link
