Founder of FTX platform, 31, painted by prosecution as scammer and liar who defrauded customers out of billions of dollars
Sam Bankman-Fried’s crypto fraud trial neared its end with closing arguments on Wednesday in Manhattan federal court following weeks of testimony that lifted the veil of FTX’s stunning collapse – and a broader murkiness surrounding digital currency markets. The prosecution quickly painted Sam Bankman-Fried as an unabashed scammer rather than the image of the wayward math nerd proffered by the defense throughout the trial, saying he created a “pyramid of deceit” with his cryptocurrency exchange, FTX.
Assistant US attorney Nicholas Roos also used Bankman-Fried’s own testimony against him.
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