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Prosecutor takes aim at Sam Bankman-Fried's credibility at trial of FTX founder

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A prosecutor has attacked the credibility of Sam Bankman-Fried's testimony at his fraud trial, confronting him over whether he was truthful during his public appearances after FTX filed for bankruptcy last year. Assistant U.S.

In this courtroom sketch, FTX founder Sam Bankman-Fried, right, is cross-examined by Assistant US Attorney Danielle Sassoon, left, in Manhattan federal court, Thursday, Oct. 26, 2023, in New York. Barbara Fried and Joseph Bankman, parents of FTX founder Sam Bankman-Fried, arrive to Manhattan federal court in New York, Monday, Oct. 30, 2023. Barbara Fried and Joseph Bankman, parents of FTX founder Sam Bankman-Fried, arrive to Manhattan federal court in New York, Monday, Oct. 30, 2023.

Through her line of questioning, Sassoon tried to show that Bankman-Fried’s public statements were false and that he promised customers that their accounts were safe while he looted them, spending lavishly on real estate, celebrity-laden promotions, investments and political contributions. Before cross-examination began on Monday, Bankman-Fried testified that he believed his companies could withstand the daily withdrawal of billions of dollars in assets until several days before they could not.

 

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