Cointelegraph reporters are on the ground in New York bringing you live coverage of the trial of former FTX CEO Sam “SBF” Bankman-Fried. As the saga unfolds, check below for the latest SBF updates.
Nov. 2: Prosecution makes closing arguments, jurors request dinner and transportation
The month-long trial of Sam Bankman-Fried is nearing its end after Assistant Attorney Danielle Sassoon laid out the government’s closing arguments against the former FTX executive.
Sassoon told the New York court that prosecutors “met the burden” of proving Bankman-Fried’s guilt related to seven counts of fraud and conspiracy to commit fraud. She said the prosecution exposed Bankman-Fried’s lies and false impressions, including misleading FTX customers about the safety of their funds.
Sassoon described Bankman-Fried as an ambitious executive who even had his eye on the White House, and “lied to get customers’ trust.” In addition, he used customer funds as his own personal “piggy bank.”
The Assistant Attorney said the failings of former FTX executives, including Caroline Ellison, Gary Wang and Nishad Sign, couldn’t be separated from Bankman-Fried. “They were acting at the defendant’s direction,” she said.
U.S. Southern District of New York Judge Lewis Kaplan briefed the 12-person jury Thursday afternoon as they began deliberations. He explained that charges related to defrauding FTX customers and using interstate wires to defraud lenders were substantive, meaning the alleged crimes do not depend on one another.
They’ve back.
Judge Kaplan: The jurors have said they want dinner and transportation.
[A beat]
Judge Kaplan: No one in hear wants to ask for a car?
[Laughter]
Judge Kaplan: It seems that the evidence thumb drive does not have the whole “all-hands” meeting— Inner City Press (@innercitypress) November 2, 2023
Shortly after 4:00 p.m. ET (8;00 p.m. UTC), Judge Kaplan confirmed that the jur
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Author: Ana Paula Pereira
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