NEW YORK: Sam Bankman-Fried directed that money from his Alameda Research hedge fund be used to make political donations after he learned the fund owed US$13 billion to customers of his FTX cryptocurrency exchange, a former executive testified on Monday.Nishad Singh, the third former member of Bankman-Fried’s inner circle to testify against him at his fraud trial, said he learned about the shortfall in September 2022 and confronted Bankman-Fried in an hourlong conversation on the balcony of the US$35 million Bahamas penthouse they shared.Singh said Bankman-Fried assured him he would raise more funds and cut costs. But in the meantime, Singh said he continued to receive transfers from Alameda
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