by Harriet Alexander at Daily Mail
- Michael Lewis, author of The Big Short and Moneyball, has written a new book about FTX founder Sam Bankman-Fried, entitled Going Infinite
- Bankman-Fried’s trial on fraud charges began in Manhattan on Tuesday: if convicted on all counts, he could face over 100 years in prison
- Lewis describes the moment the cryptocurrency wunderkind was arrested in the Bahamas on December 12, 2022
Sam Bankman-Fried was arguing by text with his mother about which clothes he should wear to be arrested as police arrived at his Bahamas penthouse, according to a new biography.
Bankman-Fried, 31, went on trial in Manhattan on Tuesday accused of presiding over a massive cryptocurrency fraud.
He has pleaded not guilty to charges he used FTX customer money from the exchange’s 2019 launch until its November 2022 bankruptcy in order to prop up his hedge fund, Alameda Research; buy luxury real estate; and donate to U.S. political campaigns and candidates.
Bankman-Fried’s parents, Stanford Law School professors Joseph Bankman and Barbara Fried, were seen arriving at the federal courthouse in lower Manhattan on Wednesday morning. They had not attended the trial’s first day.
Barbara Fried, according to the new biography, was adamant that her son needed to look more polished than usual when he was arrested…
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