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Closing arguments next in FTX founder Sam Bankman's fraud trial after his testimony ends

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FTX founder Sam Bankman-Fried has undergone a final barrage of questions from a prosecutor aimed at showing that he's not being honest about how $8 billion of his customers' funds disappeared, setting the stage for final arguments. Those are set to take place Wednesday in Manhattan federal court.

In this courtroom sketch, FTX founder Sam Bankman-Fried, right, testifies as Judge Lewis Kaplan, upper left, presides during Bankman-Fried’s trial in Manhattan federal court, Tuesday, Oct. 31, 2023, in New York. A pie chart showing where all the customer funds were spent is displayed on monitors. Joseph Bankman, parent of FTX founder Sam Bankman-Fried, arrives to Manhattan federal court in New York, Tuesday, Oct. 31, 2023.

Initially freed on a $250 million personal recognizance bond, he was permitted to reside with his parents in Palo Alto, California, until August, when Judge Lewis A. Kaplan ruled that he had tried to influence prospective trial witnesses and needed to remain incarcerated.Sam Bankman-Fried’s lawyer fails to hurt credibility of the government’s star witness at fraud trial

U.S. Attorney Damian Williams has said Bankman-Fried was overseeing one of the biggest frauds in U.S. history.

 

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