Sam Bankman-Fried's fraud trial is in the homestretch, with U.S. prosecutors and defense lawyers expected on Wednesday to present closing arguments to jurors...
NEW YORK - Sam Bankman-Fried's fraud trial is in the homestretch, with U.S. prosecutors and defense lawyers expected on Wednesday to present closing arguments to jurors over whether the FTX cryptocurrency exchange founder stole billions of dollars from customers.
In all, the jury heard 15 days of testimony in Manhattan federal court. Three of Bankman-Fried's former close confidantes, testifying for the prosecution after entering guilty pleas, said he directed them to commit financial crimes, including helping his crypto-focused Alameda Research hedge fund siphon FTX customer deposits and lying to lenders and investors about the finances of the two companies.
During his second day of testimony on Monday - when the prosecution began its cross-examination - Bankman-Fried said "I don't recall" at least 28 times. U.S. District Judge Lewis Kaplan frequently chided him for evading direct answers. Geoffroy Van Der Hasselt/AFP via Getty ImagesPolice in Paris opened fire on a woman in a subway station on Tuesday morning after she reportedly shouted “Allahu Akbar” and threatened to blow herself up.Sources told local media outlets that the woman made worrying comments to fellow passengers further up the line before arriving at the Bibliothèque François-Mitterrand Metro station where she was confronted by officers.
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