, on Monday at his fraud trial, saying his admiration for him faded as he watched excessive spending on investments, property and celebrities precede a $13 billion shortfall that left him feeling “blindsided and horrified.”
At another point, Singh said that the spending was “too large or didn't make sense” and “it all reeked of excess and flashiness.”since August, when a judge concluded that he'd tried to influence potential trial witnesses and revoked the $250 million personal recognizance bond that had permitted him to live with his parents in Palo Alto, California, after his December extradition from the Bahamas. He has pleaded not guilty to all charges.
He said $205 million was spent to rename the Miami venue where the Miami Heat played its home games after FTX and another $150 million was spent on a Major League Baseball endorsement, along with millions more on advertising featuring star quarterback Tom Brady and comedian Larry David. “I can’t have lawyers coming in and giving drugs to people on trial because somebody says they need it. I just can’t do it,” Kaplan said.Teen accused of paralyzing woman in Houston robbery sentenced to 30 years prison
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