FTX founder Sam Bankman-Fried is responsible of fraud

Let’s be trustworthy: The info are dangerous for Sam Bankman-Fried. The prosecution, within the closing assertion delivered by Nicolas Roos (pronounced “Rose”, although he gained’t appropriate you when you get it fallacious, as Decide Lewis Kaplan did for a lot of the trial) right this moment, went by a variety of contemporaneous written proof that urged that Bankman-Fried was very, very responsible of wire fraud and conspiracy expenses at FTX. Roos gave a assured, restrained argument, relying closely on that proof to argue Bankman-Fried had used FTX buyer deposits as his personal personal piggy financial institution, funneling them by his buying and selling agency, Alameda Analysis.

He additionally pointed to why Bankman-Fried had finished it: “The defendant was grasping.”