Sam Bankman-Fried is accused of using his customers’ money to fund a lavish lifestyle and to gain power and influence.
A New York jury began deliberating on Thursday whether FTX founder Sam Bankman-Fried was guilty of fraud in the disappearance of billions of dollars from his customers’ accounts on the cryptocurrency exchange he created four years ago.
He has been jailed since August, when Judge Lewis A Kaplan ruled that he had tried to influence potential trial witnesses and could no longer remain free on the 250 million US dollar personal recognizance bond that required him to remain at his parents’ home in Palo Alto, California. Ms Sassoon, who cross examined Bankman-Fried late last week and early this week, said Bankman-Fried wanted to be US president some day but first wanted to have the biggest cryptocurrency exchange in the world. At its peak, FTX was the second-largest.
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