Sam Bankman-Fried's Fraud Trial Begins with Focus on Intent

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The chapter discusses the beginning of Sam Bankman-Fried's fraud trial and the focus on intent. The trial has broader implications for the cryptocurrency sector, raising questions about the credibility of investments in FTX.

Lawyers for the crypto tycoon Sam Bankman-Fried laid out their defence on Wednesday, Rishi Sunak axed the northern leg of the HS2 high-speed rail line to Manchester, and Fifa announced the location of the 2030 World Cup.

Mentioned in this podcast:

Spain, Portugal and Morocco to host 2030 football World Cup

Sam Bankman-Fried committed ‘fraud on a massive scale’, prosecutors allege

Rishi Sunak axes northern leg of HS2 in flurry of ‘radical’ decisions

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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