U.S. District Judge Lewis Kaplan told jurors that he would keep the jury until 8:15 p.m. on Thursday as the criminal trial of the FTX founder wraps up.
Kaplan had previously hinted at the expedited timeline, while reassuring members of the proceedings that he wasn't rushing anyone.In court on Thursday, U.S. District Judge Lewis Kaplan told jurors he would keep them until 8:15 p.m. as theof the FTX founder enters its final stretch. Kaplan had previously hinted at the expedited timeline, while reassuring the jury that he wasn't rushing anyone.wrapped up on Wednesday, followed by the prosecution's rebuttal Thursday morning.
Bankman-Fried, the 31-year old son of two Stanford legal scholars, faces a potential life sentence if convicted on charges, which include wire fraud, securities fraud and money laundering, all tied to the collapse late last year of FTX and sister hedge fund Alameda Research. He In the government's rebuttal Thursday morning to the defense's closing argument, Assistant U.S. Attorney, Danielle Sassoon reminded the jury about the heart of the case. Billions of dollars of customer money from Bankman-Fried's crypto exchange went missing.Telling customers that their assets are safe and then taking that money and using it for personal and other company expenditures is not a reasonable business decision — but fraud, Sassoon said.
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