The behavior unveiled in the cascade of criminal and civil charges against Sam Bankman-Fried would seem hard to rationalize — but the accused crypto crook was clearly ready to spew more nonsensical excuses in testimony he was scheduled to give to the House Financial Services Committee on Tuesday.
Of course, his arrest on money laundering, fraud and even campaign finance violations spared us more of the BS he’s been spreading in recent weeks to a slew of gullible reporters.
Yet a reading of his leaked prepared remarks, including his admission that he “f–ked up” in evaporating billions in customer funds does provide insight into how Bankman-Fried fooled so many smart people for so long.
