In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the “pyramid of deceit” that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges. Assistant U.S.
FILE - FTX founder Sam Bankman-Fried arrives at Manhattan federal court, Friday, Aug. 11, 2023, in New York. A lawyer for Bankman-Fried said Wednesday, Oct. 25, 2023, the FTX founder plans to testify at his fraud trial. NEW YORK — In a closing argument, a prosecutor told a New York jury Wednesday to follow overwhelming evidence and the “pyramid of deceit” that FTX founderAssistant U.S.
Bankman-Fried, 31, was arrested last December, a month after the collapse of FTX, the cryptocurrency exchange platform he opened in 2019, and Alameda Research, the cryptocurrency hedge fund he started in 2017. “Who was responsible?” Roos asked, only to quickly point to Bankman-Fried, sitting between his lawyers. “This man, Samual Bankman-Fried. What happened? He spent his customers’ money and he lied to them about it.”
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