Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder Sam Bankman-Fried

Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder Sam Bankman-Fried

10 months ago
Anonymous $HYlO-3b458

https://apnews.com/article/sam-bankman-fried-ftx-crypto-bitcoin-a897a9a0eede12abc95f26ccbb735813

NEW YORK (AP) — In a closing argument, a prosecutor told a New York jury Wednesday to follow overwhelming evidence and the “pyramid of deceit” that FTX founder Sam Bankman-Fried constructed to conclude he’s guilty of defrauding his customers and investors of at least $10 billion.

Assistant U.S. Attorney Nicolas Roos launched a day of closings in Manhattan federal court by saying Bankman-Fried was at fault for stealing billions of dollars from investors worldwide despite four days of testimony in which Bankman-Fried insisted that he was unaware that his customers' deposits were at risk until weeks before his companies collapsed.