Prosecutors in the criminal trial against FTX founder Sam Bankman-Fried compared one of the defense's arguments to a scene in the 1994 film "Dumb and Dumber," in which actor Jim Carrey says IOUs are "as good as money."
Funds also allegedly went to paying for things such as a $35 million property in the Bahamas and political donations.
Customers were ultimately unable to retrieve much of their money as FTX and Alameda were simultaneously imploding.
In a footnote, the prosecution writes, "A popular movie from the 1990s illustrates the point: a briefcase, once filled with money, is not the same as a briefcase later filled with IOUs."
In "Dumb and Dumber," when the briefcase reaches its owner, it's filled with paper.
Persons:
Sam Bankman, Jim Carrey, IOUs, Judge Lewis Kaplan, who's, Carrey, Jeff Daniels, transact, Lloyd Christmas
Organizations:
Prosecutors, FTX, Manhattan, Southern, of, York, Alameda Research
Locations:
Manhattan, New York City, Colorado, Bahamas, Alameda