The disgraced ex-mogul and founder of FTX tried to distance himself from the statements he made while his crypto exchange imploded.
Sam Bankman-Fried is questioned by prosecutor Danielle Sassoon at federal court in New York on Monday in this courtroom sketch. NEW YORK — As his cryptocurrency empire rapidly expanded, right up until its collapse nearly a year ago, former crypto mogul Sam Bankman-Fried made a point of publicly reassuring customers their funds were in safe hands.
The statements were at the heart of federal prosecutor Danielle Sassoon’s presentation as she showcased them to the jury. The defendant has given prosecutors a lot of material to work with — both on the stand and in the volumes of commentary he offered as his business rose and after it crashed.
Those former top executives in Bankman-Fried’s crypto empire all have pleaded guilty to crimes they say he directed. They spent weeks describing their ex-boss as the mastermind of a scheme to defraud FTX customers, testifying that he knowingly tapped billions of dollars in customer funds to pay for risky investments, real estate acquisitions, and political contributions.
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