Other tech figures are also applauding the jury’s verdict, but Martin Shkreli is... well, doing his own thing.
, a former software engineer for Bankman-Fried’s hedge fund, Alameda research, told The Daily Beast that he and other former employees had been following the trial daily, and that the result “restores my faith in the legal and judicial system.”
A jury found Bankman-Fried, 31, guilty of seven counts including wire fraud, securities fraud, and money laundering connected to the fall of his cryptocurrency exchange, FTX. Prosecutors alleged that Bankman-Fried transferred approximately $8 billion in FTX customer funds to Alameda, then used it to buy luxury properties and make risky investments, among other things.
Baradwaj, the former Alameda employee, said he, too, would not celebrate if the judge threw the book at his former boss. Baradwaj also said he was underwhelmed by Bankman-Fried’s defense counsel and his own testimony. Baradwaj recognized his former boss’s proclivity for speaking at length and using “big words”—something he thought the MIT grad might be doing intentionally to confuse the jury.
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