NEW YORK — In a closing argument, a districtattorney informed New York jurors Wednesday to follow frustrating proof of FTX creator Sam Bankman-Fried ‘s “pyramid of deceit” to discover him guilty of defrauding consumers and financiers of at least $10 billion while a defense attorney stated districtattorneys were unjustly depicting an truthful businessowner as a beast.
Assistant U.S. Attorney Nicolas Roos released a day of closings in Manhattan federal court by stating Bankman-Fried was to blame for taking billions of dollars from financiers worldwide. Bankman-Fried firmlyinsisted throughout 4 days of testament that he didn’t understand his clients’ deposits were in such risk till weeks before his business collapsed.
“He informed a story and he lied to you,” Roos informed jurors a day after Bankman-Fried concluded his statement at the monthlong trial.
The districtattorney stated Bankman-Fried desired jurors to think that he had no concept what was occurring at his business or that there was scams, however his testament contrasted with descriptions by fellow executives, his “partners in criminaloffense,” and other proof consistingof monetary files and Bankman-Fried’s public declarations.
Mark Cohen, Bankman-Fried’s lawyer, advised jurors to evaluation his customer’s testament to see the reality and discover that he did not have the stateofmind to devote criminaloffenses as he attempted to conserve his companies. He stated none of Bankman-Fried’s previous executives affirmed that he informed them to take cash or devote criminaloffenses.
“Sam acted in great faith throughout,” Coh