FTX founder Sam Bankman-Fried built a “pyramid of deceit” and knowingly swindled customers out of billions of dollars to fund a lavish lifestyle and party with celebrities, federal prosecutors said Wednesday in their closing argument against the former crypto king.
Assistant United States Attorney Nicolas Roos gave his final pitch to 12 New York jurors and alternates who have sat through nearly four weeks of testimony about the collapse of Bankman-Fried’s cryptocurrency exchange as well as Alameda Research, the crypto hedge fund he also owned.
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FTX was one of the biggest players in the crypto industry and was considered a survivor following a market crash that had bankrupted a number of other …
Sam Bankman-Fried built a ‘pyramid of deceit,’ prosecutor concludes during closing arguments
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