A media and security circus erupted in lower Manhattan as the biggest trials in finance and politics converged.
The worlds of politics and finance duked it out for attention in lower Manhattan Tuesday as the multi-billion fraud trial of crypto-king Sam Bankman-Fried began just a block away from a court where the mortgage-fraud case against Donald Trump entered its second day.
Passersby gawked at the scene as Trump arrived at Manhattan’s New York state court for the second day of his civil trial on charges brought by New York Attorney General Letitia James that he illegally inflated the value of his real estate assets in order to obtain mortgage financing. Around the corner, at the entrance to the Daniel Patrick Moynihan federal courthouse, the financial press gathered waiting for the arrival of lawyers and relatives of Bankman-Fried, whose criminal trial for his role in the collapse of FTX was set to begin Tuesday morning with jury selection.
Bankman-Fried faces decades behind bars if convicted in the stunning demise of the crypto-trading platform he created in which billions of customer deposits vanished.
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