Attorneys gave their closing arguments Wednesday to the jurors who will decide Sam Bankman-Fried’s fate, offering two diametrically different versions of the collapse of his crypto empire.
US Assistant Attorney Nicholas Roos presented the government’s view that Bankman-Fried is guilty of stealing money and engaging his business partners in a cover-up. Roos described the scheme as “a pyramid of deceit, built by the defendant on a foundation of lies and false promises — all to get money.” Eventually, Roos continued, “it collapsed, leaving countless victims in its wake.
” Over several hours, Roos sought to illustrate how Bankman-Fried was fraudulently duplicitous for years as he built out his crypto empire. Repeatedly, Bankman-Fried told reporters, customers, investors and lawmakers that customer deposits were safe.
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