Salem Radio Network News Thursday, December 7, 2023


Jury selection to begin in trial of fallen cryptocurrency mogul Sam Bankman-Fried


( ) -q-28- UNDATED (Correspondent Jeremy House) “no criminal intent.”

Sam Bankman-Fried, who once promoted his FTX digital coin exchange as a safe way for regular people to get into cryptocurrency, faces the start of a criminal trial over allegations that he cheated thousands of customers.

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Out-cue: no criminal intent]

TAG: Correspondent Jeremy House reporting.

VERBATIM: Jury selection begins in a case in which the 31-year-old crypto mogul faces the possibility of a long prison term if convicted. Prosecutors say he cheated thousands of people who deposited cryptocurrency on the FTX exchange by illegally diverting massive sums of their money for his personal use. Bankman-Fried has acknowledged making mistakes while running FTX, but has insisted he had no criminal intent.

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