https://arstechnica.com/tech-policy/2023/11/us-says-sam-bankman-fried-lied-to-jury-isnt-as-clueless-as-he-claims/ > FTX founder Sam Bankman-Fried's monthlong criminal trial neared its end today as the prosecution and defense presented closing arguments. > Bankman-Fried is accused of defrauding customers and investors of cryptocurrency exchange FTX and its affiliate Alameda Research. "This was a pyramid of deceit built by the defendant on a foundation of lies and false promises, all to get money," US prosecutor Nicolas Roos told the jury today, according to Reuters. "Eventually it collapsed, leaving thousands of victims in its wake."