A meeting with President Bill Clinton in midtown Manhattan, a dinner with the head of Saudi Arabia’s sovereign wealth fund, an invitation from Anthony Scaramucci to attend a Steelers game. These were some examples presented in court that showed how Sam Bankman-Fried was rising in prominence just as his trading firm Alameda Research was running out of money.
A new trove of documents were presented in Bankman-Fried’s criminal trial this week as evidence of how the founder of FTX and his associates spent voraciously on investments, donations and real estate even in the final months before the crypto exchange’s collapse. Bankman-Fried is accused of using billions of customer funds from FTX to spend lavishly and engage in speculative trading through Alameda Research, FTX’s sister hedge fund.
Source: Emails, Wires, Katy Perry: How Bankman-Fried Bought Influence
