Jury told to follow ‘pyramid of deceit’ to convict FTX founder Sam Bankman-Fried

Sam Bankman-Fried arrives at Manhattan federal court (Bebeto Matthews/AP)

A prosecutor told a New York jury on Wednesday to follow overwhelming evidence and the “pyramid of deceit” that FTX founder Sam Bankman-Fried constructed to conclude he is guilty of defrauding his customers and investors of at least 10 billion dollars (£8.2 billion).

Assistant US attorney Nicolas Roos began a day of closing arguments in Manhattan federal court by saying Bankman-Fried was at fault for stealing billions of dollars from investors worldwide, despite four days of evidence in which Bankman-Fried said he was unaware that his customers’ deposits were at risk until weeks before his companies collapsed.