[ sourced from The Verge ]
[VERGE] Alameda’s paper trail leads straight to Sam Bankman-Fried
Submitted 1 year ago by irradiated@radiation.party [bot] to technews@radiation.party
Submitted 1 year ago by irradiated@radiation.party [bot] to technews@radiation.party
[ sourced from The Verge ]
autotldr@lemmings.world [bot] 1 year ago
This is the best summary I could come up with:
Lying and stealing were permitted, as “the only moral rule that mattered would be maximal utility,” Caroline Ellison testified on her second day at Bankman-Fried’s fraud trial.
In any case, the approach apparently worked for much of Bankman-Fried’s life — right up to demanding doctored balance sheets for the company Ellison supposedly ran.
Though she answered her questions with the attitude of a student trying to get an A in a difficult class, during court sidebars — where the lawyers bickered with each other in front of the judge and out of earshot of the rest of us — she slumped into herself, looking forlorn.
That person replied that he’d “just caught up with Sam btw” and suggested that they stay “in tight contact this week.” She was asked to repay $500 million in loans because Genesis was “basically in the position where this is no longer a luxury.”
(Ellison didn’t testify to this, but Bankman-Fried’s philanthropic foundation, Building a Stronger Future, awarded our sister website Vox a grant for a reporting project.)
The thing she’d been dreading had happened and “I didn’t have to lie any more.” She said she felt “indescribably bad” about all the people “who trusted us that we had betrayed.” A court clerk passed her a tissue.
The original article contains 1,736 words, the summary contains 211 words. Saved 88%. I’m a bot and I’m open source!