U.S. Assistant Attorney Danielle Sassoon claimed prosecutors “met the burden” of proving Sam Bankman-Fried's guilt.
“He knew what he was doing was wrong; that’s why he never hired a risk officer,” U.S. Assistant Attorney Danielle Sassoon said.The government presented its rebuttal against Sam Bankman-Fried on Nov. 2 in response to statements made by his defense during the closing arguments a day earlier.
According to Sassoon, the former FTX CEO gave customers, investors and the media the false impression that assets held at FTX were safe and that Alameda Research had no involvement with the funds. Sassoon also refuted the defense’s argument that Bankman-Fried made public appearances in the media after FTX’s collapse, claiming his interviews and tweets used to make him look reliable at a time his exchange wasn’t able to pay back its customers.
The prosecution went over spreadsheets to refute claims that Bankman-Fried didn't know about Alameda’s multi-billion-dollar line of credit and repayment of lenders with customer funds, adding that Bankman-Fried thought customer funds were his “piggy bank.”
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