Sam Bankman-Fried has been unfairly cast as a “villain” and a “monster” in a movie about a grand fraud scheme, his lawyer said Wednesday, insisting that the FTX co-founder made mistakes, but didn’t commit crimes.
In closing arguments in Bankman-Fried’s month-long fraud trial, the prosecution and defense presented their dueling views of the former crypto wunderkid. To the government, Bankman-Fried masterminded a “pyramid of deceit” built on lies and false promises that led to the costly collapse of FTX and its affiliated hedge fund Alameda Research.
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