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Podcast: Unchained
Episode: SBF Trial, Day 11: How Alameda Got FTX Into a $9 Billion Hole
Description: The courtroom was abuzz on Wednesday as financial and technical experts took the stand in the ongoing criminal trial against Sam Bankman-Fried. Accounting professor Peter Easton, a standout witness, presented a detailed analysis showing that Alameda had spent customer funds on VC investments, real estate, and political and charitable donations. Easton, who had previously worked on high-profile cases like Enron and Worldcom, said that by the end, the gap between what FTX owed to customers and what it had on hand was $8.8 billion.The defense, led by attorney David Lisner, attempted to challenge Easton's methods. Lisner questioned...