Sam Bankman-Fried sits beside his defense lawyer Christian Everdell on the first day of his fraud trial over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 3, 2023 in this courtroom sketch. REUTERS/Jane Rosenberg
Sam Bankman-Fried's defense lawyer Christian Everdell arrives on the first day of fraud trial over the collapse of the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 3, 2023.
Federal prosecutors say Bankman-Fried embezzled from FTX customers since its founding in 2019 until its bankruptcy in order to prop up his hedge fund Alameda Research, buy luxury properties and donate more than $100 million to U.S. political candidates. During several hours of questioning, Kaplan excused 28 jurors who said they could not serve on the case, many due to professional or personal obligations. He said jury selection would likely finish by the end of the day, paving the way for opening statements on Wednesday.
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