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For embattled FTX founder Sam Bankman-Fried, incompetence could be a legal strategy

Incompetence — or the perception of it — has its benefits as a legal defense, especially if you might face charges of fraud, experts tell Axios.

Why it matters: The notion casts an interesting light on Sam Bankman-Fried's recent chat with the New York Times, in which he repeatedly describes FTX's sudden collapse into bankruptcy as an outgrowth of his own distraction, over-extension and performance as a CEO.


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