Sam Bankman-Fried is no 'villain' or 'monster,' defense tells jury
© Reuters. FTX founder Sam Bankman-Fried is questioned by prosecutor Danielle Sassoon during his fraud trial over the collapse of the bankrupt cryptocurrency exchange at federal court in New York City, U.S., October 31, 2023 in this courtroom sketch.
"Time and again, the government has sought to turn Sam into some sort of villain, some sort of monster," Cohen said."And let's face it, an awkward high school math nerd doesn't look particularly villainous. So what did they do? They wrote him into the movie as a villain." Jurors are expected to begin deliberations on Thursday after prosecutors give a rebuttal argument, meaning Bankman-Fried may learn his fate just shy of one year after FTX filed for bankruptcy in a swift corporate meltdown that shocked financial markets and wiped out what had been his estimated $26 billion fortune.
Alameda used that money to pay off its lenders and to lend to FTX executives so they could make speculative investments and donate to U.S. political candidates, prosecutors say.
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