Sam Bankman-Fried didn’t think rules applied to him, ex-girlfriend says

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FTX founder Sam Bankman-Fried believed in utilitarianism and thought rules against lying or stealing inhibited his ability to maximize the greatest benefit for the most people, his former girlfriend and co-worker testified Wednesday at his federal fraud trial. "He didn't think rules like 'don't lie' or 'don't steal' fit into that framework," Caroline Ellison, Bankman-Fried's on-again, off-again girlfriend, said. She said Bankman-Fried's belief caused her to accept behavior she recognized as wrong. "I think it made me more willing to do things like lie or steal over time. When I started working at Alameda, I don't think I would have...