Prosecutor cites 'pyramid of deceit' by Sam Bankman-Fried; Defense lawyer says he's no monster

FILE - FTX founder Sam Bankman-Fried arrives at Manhattan federal court, Friday, Aug. 11, 2023, in New York. A lawyer for Bankman-Fried said Wednesday, Oct. 25, 2023, the FTX founder plans to testify at his fraud trial. (AP Photo/Bebeto Matthews, File)

NEW YORK (AP) — In a closing argument, a prosecutor told New York jurors Wednesday to follow overwhelming evidence of FTX founder Sam Bankman-Fried 's “pyramid of deceit†to find him guilty of defrauding customers and investors of at least $10 billion while a defense lawyer said prosecutors were unfairly portraying an honest entrepreneur as a monster.

Assistant U.S. Attorney Nicolas Roos launched a day of closings in Manhattan federal court by saying Bankman-Fried was to blame for stealing billions of dollars from investors worldwide. Bankman-Fried insisted during four days of testimony that he didn't know his customers' deposits were in such danger until weeks before his companies collapsed.

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