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FTX founder Sam Bankman-Fried is guilty of fraud

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Let’s be trustworthy: The details are unhealthy 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 unsuitable, as Decide Lewis Kaplan did for many of the trial) as we speak, went by a variety of contemporaneous written proof that instructed that Bankman-Fried was very, very responsible of wire fraud and conspiracy costs 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 non-public piggy financial institution, funneling them by his buying and selling agency, Alameda Analysis.

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

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