Sam Bankman-Fried's trial could last as long as six weeks.
Jury selection is expected to take place Tuesday, and the trial could last as long as six weeks.use of customer deposits on the crypto trading platform FTX to cover losses at his hedge fund, Alameda Research, and to buy lavish real estate, among other personal expenses.
"I really deeply wish that I had taken like a lot more responsibility for understanding what the details were of what was going on there," Bankman-Fried told Stephanopoulos at the time. "A lot of people got hurt, and that's on me." A federal judge in New York on Thursday denied Bankman-Fried temporary release from custody during his trial, deciding he is too great a flight risk to let free.at Bankman-Fried's sharing with The New York Times excerpts from the personal documents of Caroline Ellison, Bankman-Fried's former girlfriend, who led his Alameda Research hedge fund and who has pleaded guilty and agreed to cooperate.
As a pandemic-era crypto boom faded in the fall of last year, concerns of financial instability at FTX -- a top platform where users buy and sell crypto -- triggered a wave of customer withdrawals totaling billions of dollars.
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Jury selection to begin in trial of fallen cryptocurrency mogul Sam Bankman-FriedSam Bankman-Fried once promoted his FTX digital coin exchange as a safe way for regular people to get into cryptocurrency.
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Jury selection to begin in trial of fallen cryptocurrency mogul Sam Bankman-FriedSam Bankman-Fried once promoted his FTX digital coin exchange as a safe way for regular people to get into cryptocurrency
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Jury selection to begin in trial of fallen cryptocurrency mogul Sam Bankman-FriedSam Bankman-Fried once promoted his FTX digital coin exchange as a safe way for regular people to get into cryptocurrency.
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Jury selection to begin in trial of fallen cryptocurrency mogul Sam Bankman-FriedSam Bankman-Fried once promoted his FTX digital coin exchange as a safe way for regular people to get into cryptocurrency.
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Jury selection to begin in trial of fallen cryptocurrency mogul Sam Bankman-FriedSam Bankman-Fried once promoted his FTX digital coin exchange as a safe way for regular people to get into cryptocurrency.
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Sam Bankman-Fried's trial set to begin following not guilty pleaJury selection is set to begin Tuesday in the highly anticipated trial of Sam Bankman-Fried, who prosecutors allege defrauded investors in FTX, the cryptocurrency exchange he co-founded. Bankman-Fried has pleaded not guilty to the charges, which include wire and securities fraud as well as money laundering, and and, if convicted, could spend the rest of his life in prison. CBS News Senior Business and Tech Correspondent Jo Ling Kent reports on the once-revered wunderkind’s fall from grace.
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