NEW YORK (AP) — 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.
“He told a story and he lied to you,” Roos told jurors just a day after Bankman-Fried concluded his testimony at the monthlong trial.
FTX was bankrupt.”“Who was responsible?” Roos asked, only to quickly point to Bankman-Fried, sitting between his lawyers.
He spent his customers' money and he lied to them about it.”The prosecutor said Bankman-Fried spent the money on real estate, donations, promotions, investments and political contributions.
Roos told jurors that if they believe even one of the four former executives who testified against him, they must convict Bankman-Fried.
Persons:
Sam Bankman, he’s, Nicolas Roos, Fried, “, ” Roos, Judge Lewis A, Kaplan, Bankman, Roos, FTX, ”, Samual
Organizations:
New, U.S, Alameda Research
Locations:
New York, Manhattan, FTX, Bahamas, Palo Alto , California