Prosecutors in the FTX fraud trial say disgraced Sam Bankman-Fried is guilty beyond a reasonable doubt after his testimony in court.
New court transcripts According to Inner City Press, Assistant United States Attorney Nicolas Roos addresses the jury and states that Bankman-Fried is guilty of all his charges.
says Rose,
“The core dispute here is whether the suspect knew that taking the money was wrong. He knew. He did it anyway. He thought he was smarter and could get out of it. Today that ends with you.”
According to Roos, Bankman-Fried’s testimony was filled with lies and convenient omissions.
“Did you notice how he got around it, with turning Alameda into an Airbnb, or why he chose the Miami Heat Arena as the name? But what was he like during cross-examination? He couldn’t remember a single detail. It was awkward. 140 times…
He asked for the definition of terms, terms he had already used. He tried to tell a story to exclude himself from the fraud. That was a lie. For three days he took the stand and lied. You should ignore all the evidence.”
Roos goes on to say that believing Bankman-Fried is innocent requires a suspension of disbelief.
“You should ignore the three cooperating witnesses, the spreadsheets, the lies. You’d have to believe that the defendant, from MIT, had no idea. You know it’s not true. You’ve heard his co-conspirators and seen the classified documents.
The suspect is guilty of each of these charges beyond a reasonable doubt. We’ll talk about the defense arguments. Agree. What happened? What does the evidence show? He took money and crypto from customers.”
Bankman-Fried is accused of mishandling billions of dollars of customer money and defrauding investors when he allegedly masterminded a plot to move money from the crypto exchange to its sister company, Alameda Research, to make high-risk bets that backfired .
If convicted of his charges, Bankman-Fried faces decades in prison.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on TweetFacebook and Telegram
Surf to the Daily Hodl mix
Featured image: Shutterstock/Jorm S