Close Sam Bankman-Fried Associates to stand up today at the ongoing trial

Close Associates Of Sam Bankman-Fried To Take Stand Today In Ongoing Trial


Source: Video script, YouTube/CBS News

Prosecutors are expected to call two of the accused's close associates to the stand as the trial of Sam Bankman-Fried, the former CEO of fallen crypto exchange FTX, ends its third day.

Bankman-Fried faces up to 100 years in prison if convicted of seven counts of fraud and related fraud.

Adam Yedidia, a close friend of SBF and a former employee of FTX and its sister company Alameda, is expected to appear for a second time after the trial begins today.

Also expected to make his debut on the stand today is SBF's close partner Gary Wang during their FTX tenure.

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Wang is the co-founder of FTX, who is said to be a key prosecution witness after pleading guilty to conspiracy to commit fraud and conspiracy to commit fraud, charged by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (SEC) and the Commodity Trading Commission. CFTC).

During the investigation, it was revealed that Gary Wang and SBF had returned to their high school and were living with eight roommates in the famous Bahamas house.

On the first day of the trial, two witnesses, Adam Yedidia and Mark Juilliard, were victims of fraud in the SBF case, and more than $100,000 worth of 4 Bitcoin (BTC) disappeared before FTX collapsed.

In the weeks leading up to the SBF trial, several former colleagues and employees were expected to testify against him after pleading guilty.

The third day of the trial continues at 10:00 a.m. Eastern Time in federal court in Manhattan, New York.

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