Sam Bankman-Fried's lawyers have complained that prosecutors at his fraud trial are portraying the FTX cryptocurrency exchange founder as a 'cartoon of a villain,' but have done little to counter unflattering depictions of him offered to the jury by his former colleagues.
are portraying the FTX cryptocurrency exchange founder as a "cartoon of a villain," but have done little to counter unflattering depictions of him offered to the jury by his former colleagues.
Federal prosecutors in Manhattan have said Bankman-Fried looted billions of dollars in FTX customer funds to prop up his crypto-focused trading firm Alameda Research, make speculative venture investments and donate more than $100 million to U.S. political campaigns to burnish his image in Washington.
"If they ask a lot of questions about it on cross, it's giving more air time to an issue that isn't necessarily helpful to them," said Rachel Maimin, a former federal prosecutor in Manhattan who is now a partner at law firm Lowenstein Sandler. The descriptions of Bankman-Fried by the prosecution's three star witnesses contradict the 31-year-old former billionaire's pre-arrest reputation as aSo far, two key prosecution witnesses have testified about instances in which Bankman-Fried disparaged colleagues who disagreed with him, particularly about financial issues at the heart of the criminal charges.
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