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

a year ago
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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.

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

Nov 1, 2023, 4:34pm UTC
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.