“He spent his clients’ cash and he lied to them about it. The place did the cash go? The cash went to pay for investments, to repay loans, to cowl bills, to buy property, and to make political donations,” Roos stated final yr. In the course of the sentencing listening to, he went additional, saying, “the truth that Mr. Bankman-Fried spent the cash on investments, quite than sports activities automobiles, or no matter you would possibly anticipate for somebody classically grasping, doesn’t make him not grasping or doesn’t categorical a motive of greed. The truth that he had ambitions that appear altruistic doesn’t make him not formidable, isn’t a motive for doing this stuff.”
