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Sam Bankman-Fried's Lawyer Refutes Claims of Reckless Investments at FTX: Report

Sam Bankman-Fried (SBF) is fighting to defend the legitimacy of FTX's investments. His lawyer has argued that these investments were not "reckless and frivolous," countering former Executive Nishad Singh's portrayal of excessive spending on marketing and celebrity endorsements, Reuters reported.Singh, FTX's former Chief Technology Engineer, testified for a second consecutive day in SBF's fraud trial at the Manhattan federal court today (Wednesday). Under cross-examination, Singh stated that he t...
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Posted: Oct 18 2023, 15:14
Author Name: financemagnates
Views: 082422