Bankman-Fried blames others, defends spending and draws judge's ire

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Bankman-Fried blames others, defends spending and draws judge's ire
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During the morning session, he gave long, rambling answers to the questions posed by...

Correction: A previous version of this article incorrectly stated that Sam Bankman-Fried was the only witness called by the defense. He was the last of three witnesses. The article has been corrected.

The jury was shown a memo he sent to Alameda executives Nishad Singh and Gary Wang, in which Bankman-Fried advocated shutting down the investment firm and said its CEO, his former girlfriend Caroline Ellison, 'is not a natural leader, and probably never will be.' Wang and Singh, Bankman-Fried said, responded that closing Alameda was a bad idea.

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