The trial of FTX founder Sam Bankman-Fried is nearing its conclusion, with the prosecution expecting to end their case on October 26 after presenting over 20 testimony.
The trial of FTX founder Sam Bankman-Fried is nearing its conclusion, with the prosecution expecting to end their case on October 26 after presenting over 20 testimony. The prosecution has presented a lineup of witnesses over the last three weeks, including former FTX executives, employees, customers, investors, and government officials. The main argument is that Bankman-Fried purposefully misled them, resulting in a $8 billion deficit between FTX and Alameda Research in November 2022.
The defense team for Bankman-Fried, led by Mark Cohen and Christian Everdell, has yet to clarify whether they would offer a defense. If they do submit a case, it will also be on October 26. The defense has struggled to convey a consistent narrative to jurors during the trial. If convicted, Bankman-Fried could face up to 115 years in jail.
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