Sam Bankman-Fried has stepped down from the stand, after four days of testimony in his criminal fraud trial.
“That concludes the presentation of evidence in this case,” Judge Lewis Kaplan announced just after noon ET on Tuesday as he sent the jury home. Closing arguments are set to begin at 9:30 am ET on Wednesday. Tuesday’s testimony delivered some of the most damning blows yet to his defense, which has hinged on Bankman-Fried’s narrative that he made honest mistakes as a startup founder.
Friends in high places US Assistant Attorney Danielle Sassoon continued her aggressive cross-examination Tuesday morning, highlighting, among other things, that Bankman-Fried appeared to have a cozy relationship with members of the Bahamian government. Bankman-Fried testified that he attended a dinner with the island nation’s prime minister, alongside former US president Bill Clinton and former UK Prime Minister Tony Blair.
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