In a closing argument, a prosecutor urges a New York jury to convict FTX founder Sam Bankman-Fried of fraud because of his 'pyramid of deceit.'
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. Atty.
Extradited from the Bahamas to New York, he was freed on a $250-million personal recognizance bond with electronic monitoring to ensure he remained at his parent's home in Palo Alto, until August, when Judge Lewis A. Kaplan jailed Bankman-Fried after concluding that he had tried to influence prospective trial witnesses.
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