About Good Faith
Good faith, in human interactions, is a sincere intention to be fair, open, and honest, regardless of the outcome of the interaction.
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... " I trust that people will make the decision thoughtfully and in Good Faith...
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... Mr Hill said: " I have no doubt that the information we have been working on was given in Good Faith...
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... We are ready to see Starbucks at the bargaining table in Good Faith so we can address these issues...
Cameron's return revives memories of Greensill finance scandal
... A spokesman for David Cameron previously told the BBC he acted in Good Faith at all times and there was no wrongdoing in any of the actions he took...
'Crypto King' Sam Bankman-Fried guilty of FTX fraud
... He pleaded not guilty, maintaining that, while he had made mistakes, he had acted in Good Faith...
UAW strike: Stellantis and union agree pay rise in tentative deal
... " We have continued to bargain in Good Faith with the UAW, and our goal remains to reach an agreement as quickly as possible...
FTX: 'Crypto King' admits people got hurt as he speaks out in trial
... He has denied those charges, instead arguing that he acted in Good Faith...
Hurt ripples in wake of Indigenous Voice vote
... " We came together in Good Faith with an invitation to the country to help Aboriginal Australia lift itself up by its own bootstraps, " the Larrakia Wulna man said...
FTX: 'Crypto King' admits people got hurt as he speaks out in trial
By Natalie Sherman & Tom EspinerBusiness reporters
Former crypto boss Sam Bankman-Fried acknowledged " a lot of people got hurt" when the FTX exchange he founded collapsed, in his testimony to The Jury at his fraud trial.
The former entrepreneur said he had made many mistakes when running the cryptocurrency exchange.
The 31-year-old is accused of lying to investors and lenders and stealing money from customers.
He has denied those charges, instead arguing that he acted in Good Faith .
" We thought we might be able to build The Best product on The Market , " he told his attorneys in his opening questioning. " It turned out basically The Opposite of that".
" A lot of people got hurt, customers, employees, and The Company ended up in bankruptcy. "
Mr Bankman-Fried told the Manhattan Federal Court he made " A Number of small mistakes and A Number of larger mistakes" while running the now-bankrupt exchange.
The biggest mistake, He Said , was not having a dedicated Risk Management team.
He Said he did not defraud anyone or take customer funds.
Mr Bankman-Fried started testifying on Thursday in an unusual hearing after The Jury had been sent home.
US District Judge Lewis Kaplan asked him to preview his testimony about the involvement of lawyers in key decisions at The Heart of the Case so he could decide whether it was admissible as evidence.
Mr Bankman-Fried has argued that he acted on legal advice.
But prosecutors have accused him of using FTX customer funds to prop up his crypto-focused hedge fund, Alameda Research, make speculative venture investments, and donate More Than $10m to US political campaigns. He also faces charges of trying to cheat Alameda's lenders and FTX investors.
Judge Kaplan ruled that Mr Bankman-Fried would not be allowed to present testimony about The Work lawyers did on various loans made to Mr Bankman-Fried from Alameda and other policies.
The Judge said The Evidence " would be confusing and highly prejudicial in implying that the lawyers with full knowledge of the facts blessed what the defendant has done".
On Friday, Mr Bankman-Fried's attorneys asked him to recount his time at MIT, when he lived in a group house with Gary Wang and Adam Yedidia - both of whom have testified against him in this Case .
Mr Bankman-Fried said it was " nerdy". " Lots of board games, not drinking. "
The defence tried to paint a portrait of a boss who was more hands off than earlier testimony had suggested.
For example, He Said he discussed the " goals" of the FTX site but didn't read or write The Code . " I wasn't much of a programmer. "
His appearance In Court follows 12 Days of prosecution testimony in which close former colleagues gave evidence.
If he is found guilty he could face a Life Sentence in prison.
Defendants in the US are not obliged to testify during Trials - and are often advised against doing so, since it opens them up to questioning by prosecutors.
Despite the risks, many analysts following The Trial predicted Mr Bankman-Fried would take The Stand to offer his own version of events and try to undermine The Prosecution Case .
Source of news: bbc.com