SBF trial day 11: financial forensic report exposes FTX $9.3b money trail
Following evidence of political affiliations unearthed by an FBI agent, a government witness in Sam Bankman-Fried’s criminal trial provided financial Analysis pointing to conspiracy and fraud based on FTX and Alameda’s bank records. An FBI analyst plus a former FTX and Alameda executive testified to Bankman-Fried’s courting of the political class which evidence suggests was funded with user deposits. Prior testimonies from the first and second weeks of the trial backed up these claims, with additional accounts that said Bankman-Fried spearheaded fraud, conspiracy, money laundering and campaign finance violations. The FTX founder is currently on trial for defrauding customers and for fraud on investors. Bankman-Fried does not face campaign rulebreaking charges at press time due to the extradition papers signed by Bahamian authorities. Nishad Singh, who worked closely with the former FTX chief, pleaded guilty to Federal Elections Commission violations committed in league w...