Backdating revenue

In the podcast episode, it is discussed that Sam Bankman Freed, the defendant, allegedly wanted to boost FTX's revenue to reach the one billion dollar mark for 2021. According to witness testimony, he proposed charging for the service of serum staking and backdating transactions to make it appear as though customers had been charged for the service throughout the year. On the other hand, Sam testified that he had calculated the revenue to be over one billion dollars and had discussed it with his colleagues. He believed that the 2021 revenue was accurately calculated, and he did not recall the specific details of the alleged backdating conversation. This discrepancy in testimonies raises questions about the legality of manipulating revenue numbers and its impact on potential investors.