Prosecutor opens trial for FTX founder Sam Bankman-Fried saying he stole at least $10 billion

Prosecutor opens trial for FTX founder Sam Bankman-Fried saying he stole at least $10 billion

a year ago
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https://apnews.com/article/bankman-fried-cryptocurrency-trial-jury-selection-73fcde97d56f33f4bd4b3ba7f9c3c9bf

NEW YORK (AP) — A prosecutor opened a fraud trial Wednesday by telling jurors that FTX founder Sam Bankman-Fried was on top of the world a year ago, hobnobbing with celebrities, before his historic fraud was exposed, leaving customers and investors without at least $10 billion they thought was secure. A defense lawyer insisted his client didn't steal from anyone.

Assistant U.S. Attorney Nathan Rehn repeatedly pointed at Bankman-Fried, sitting with his lawyers in a suit, and accused him of “committing a massive fraud.”