Bank and Freed's Statements That Customer Funds Were Passed to Alameda Because of an Accounting Error

Bank and Freed has said that he had little involvement in the management of Alameda after he passed control of it to Caroline Ellison. The government whether or not there's paper or not they're going to be able to establish from a variety of different individuals and different documents what exactly happened at SPF. It would have been a lot smarter for him to wait for his lawyers to get discovery from the government determine whether or not the evidence back those claims up, says John Avlon.