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.
LIVE: VP Harris shares vision for the future of Artificial Intelligence at U.K. SummitFILE - 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. – 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.”
Roos told jurors that if they believe even one of the four former executives who testified against him, they must convict Bankman-Fried. All four said the money from customers was stolen at the direction of Bankman-Fried.
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Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder Sam Bankman-FriedIn 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.
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Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder Sam Bankman-FriedIn 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.
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LIVE: Sam Bankman-Fried Again Blames Underlings for Alameda's Woes in FTX TrialHelene is a New York-based news reporter at CoinDesk, currently covering the criminal trial of infamous crypto mogul Sam Bankman-Fried. Helene is a recent graduate of New York University's business and economic reporting program and has appeared on CBS News and Nasdaq TradeTalks. She holds BTC and ETH.
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Sam Bankman-Fried has 'regret' for not probing $8 billion debt to FTXFTX founder Sam Bankman-Fried concluded his defense in his fraud trial on Tuesday, saying he felt 'regret' for not looking into the $8 billion his hedge fund borrowed from the cryptocurrency exchange before it collapsed last November.
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Sam Bankman-Fried trial: FTX founder grilled over 'cozy' ties with Bahamian officialsBarnini Chakraborty is the senior investigations reporter at the Washington Examiner. She has previously worked at Fox News as a senior features and politics reporter. She's also worked at Fox Business as a field producer and at Dow Jones. She began her career at the Augusta Chronicle in Georgia.
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