‘He lied to get customers’ trust’: Prosecution makes closing argument against SBF
“He knew what he was doing was wrong; that’s why he never hired a risk officer,” U.S. Assistant Attorney Danielle Sassoon said.
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“He knew what he was doing was wrong; that’s why he never hired a risk officer,” U.S. Assistant Attorney Danielle Sassoon said.
The prosecution is delivering its closing arguments at the Southern District Court of New York, where Sam Bankman-Fried’s trial has been taking place since Oct. 3.
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
The U.S. government delivers its closing arguments in New York to convince the jury that Sam Bankman-Fried is guilty of fraud and conspiracy to commit fraud.
A court-ordered liquidation process allows FTX to sell nearly $3.4 billion worth of crypto assets in weekly batches starting from $50 million a week.
The stars are lining up for Bitcoin price, but a few major price threats remain in play.
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
Bankman-Fried pleaded not guilty to all seven counts of fraud charges related to the collapse of crypto exchange FTX.
At the time of bankruptcy, FTX faced a shortfall of $8 billion owing to its customers.
Bankman-Fried’s attorneys have made several requests in the past few months, ranging from early bail to vegan food and prescription drugs.