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Sam Bankman-Fried plans to testify at his New York fraud trial, his lawyer says

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FTX founder Sam Bankman-Fried has pleaded not guilty to charges that he looted the financial accounts of his customers and investors to live lavishly and bolster the reputation of himself and his companies.

FTX founder Sam Bankman-Fried plans to testify at his fraud trial, his lawyer told a federal judge Wednesday, ending speculation over whether a man who embraced the spotlight during his years atop the cryptocurrency world could remain silent after prosecutors portrayed him as a greedy entrepreneur who stole billions of dollars from customers.Attorney Mark Cohen told Judge Lewis A.

Over the last month, prosecutors have leaned heavily on testimony from Bankman-Fried's inner circle, former top executives who lived in a luxury penthouse condominium in the Bahamas with their boss before a customer rush on deposits last November exposed the missing billions of dollars and caused the businesses to collapse.

 

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