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Bloomberg Daybreak: US Edition
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FTX Founder on Trial and Private Testimony in Antitrust Suit
Discussion of the ongoing trial of FTX founder Sam Bankman Freed in New York and the expected high-profile testimonies, including his former girlfriend and investor Anthony Scaramucci. The defense argues that managing a fast-rising startup is challenging, while Bankman Freed is accused of misusing customer deposits for speculative trading, luxury real estate, and political contributions. The chapter also briefly mentions the upcoming release of private testimony in the Justice Department's lawsuit against Google involving the CEOs of Apple and Duck Duck Go.
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