Jury to decide fate of FTX founder Sam Bankman-Fried as deliberations begin

FTX founder Sam Bankman-Fried's fate is now in the hands of a jury.Deliberations began Thursday afternoon as to whether the former billionaire was guilty of fraud in the disappearance of billions of dollars from his customers' accounts on the cryptocurrency exchange he created four years ago.

'Sassoon, who cross examined Bankman-Fried late last week and early this week, said Bankman-Fried wanted to be U.S. president some day but first wanted to have the biggest cryptocurrency exchange in the world. At its peak, FTX was the second-largest.She said he 'dazzled investors and Congress and the media, and worked around the clock to build a successful business' while overseeing the stealing of FTX funds.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX Trial: Prosecutor cites 'pyramid of deceit' in urging jury to convict Sam Bankman-FriedIn a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the 'pyramid of deceit' that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges.
Source: KPIXtv - 🏆 443. / 53 Read more »

Sam Bankman-Fried trial gives jury inside view of FTX's final daysSam Bankman-Fried's fraud trial has given an unprecedented window into how a group of graduates from elite U.S. universities in their late 20s and early 30s tried, and ultimately failed, to avert one of the biggest and swiftest corporate meltdowns ever.
Source: Reuters - 🏆 2. / 97 Read more »