Prosecutors Slam Sam Bankman-Fried's Trial as "Fraud"

Prosecutors delivered their closing arguments in the trial of Sam Bankman-Fried, the former CEO of FTX, accusing him of fraud and conspiracy to commit fraud. The government presented evidence that Bankman-Fried deceived investors, customers, and partners of FTX while commingling funds with Alameda Research. The defense argued that Bankman-Fried made "terrible mistakes" in good faith and denied allegations of directing his inner circle to make political contributions and venture investments with customer funds. Bankman-Fried faces up to 115 years in prison if convicted. A jury of 12 will decide his fate in the coming days.