Who is Sam Bankman-Fried, whose fraud trial starts next week?

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A few years after graduating college, Sam Bankman-Fried grew worried he was not taking enough risks.

BANKMAN-FRIED MAY BLAME COLLEAGUES

"If I really think that I should be trying to maximize expected values, that probably implies substantially riskier strategies than what seems intuitively right," he said in the June 4, 2020, podcast. "I should be careful not to fall prey to trying to choose a comfortable path." But if evidence were to emerge that Bankman-Fried had discussions with the cooperating witnesses about hiding what they were doing, it would undermine that argument, Mermelstein said.

 

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