Sam Bankman-Fried trial jury sees his profane message about regulators

NEW YORK - A U.S. judge on Wednesday overruled objections by Sam Bankman-Fried's lawyers and allowed jurors in the FTX founder's fraud trial to see a profane message he sent to a reporter days after the cryptocurrency exchange collapsed complaining that regulators"make everything worse."

In the trial, which began on Oct. 3, Bankman-Fried stands accused of looting billions of dollars in FTX customer funds to make investments, donate to U.S. political campaigns and prop up his hedge fund, Alameda Research. The former billionaire has pleaded not guilty to two counts of fraud and five counts of conspiracy. Bankman-Fried, 31, could face decades in prison if convicted.

In one of the messages, Bankman-Fried told the reporter,"fuck regulators" and quickly added in another message,"they make everything worse."

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sam Bankman-Fried's lawyer says FTX investments were not 'reckless'FTX founder Sam Bankman-Fried's lawyer on Tuesday said the now-bankrupt cryptocurrency exchange's investments were not 'reckless and frivolous,' pushing back...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Sam Bankman-Fried’s lawyer says FTX investments were not ‘reckless and frivolous’Sam Bankman-Fried’s lawyer was pushing back against testimony by a former executive who called its spending on marketing and celebrity endorsements excessive
Source: globeandmail - 🏆 5. / 92 Read more »

Sam Bankman-Fried's lawyer says FTX investments were not 'reckless'Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

SBF’s brand endorsements gain attention in latest hearing. Assessing…The criminal trial against Sam Bankman-Fried (SBF) continues in all its glory with the day starting with the cross-examination of FTX's...
Source: CryptoAmb - 🏆 22. / 68 Read more »

FTX: Chief engineer’s tell-all reveals SBF’s lies. What happens next?The criminal trial of FTX's Sam Bankman-Fried (SBF) enters its third week of hearing with another of his close circle...
Source: CryptoAmb - 🏆 22. / 68 Read more »