New York CNN —Sam Bankman-Fried’s fate is now officially in the hands of a jury of his peers.
Chief among those errors, according to his own testimony, was was not hiring a dedicated risk management team.
“I made a number of small mistakes and a number of larger mistakes,” Bankman-Fried said on the stand last week.
Although Bankman-Fried made mistakes, he never defrauded anyone, Cohen told jurors.
“Poor risk management is not a crime.”Bankman-Fried’s parents, Barbara Fried and Joseph Bankman, were both in the courtroom again Thursday.
Persons:
Sam Bankman, Lewis Kaplan, Kaplan, Fried, ”, They’ve, “, Danielle Sassoon, Mark Cohen, Cohen, ” Cohen, Barbara Fried, Joseph Bankman, Bankman, — Sabrina Souza
Organizations:
New, New York CNN, Prosecutors, Alameda Research
Locations:
New York, Manhattan, FTX, Alameda