11:26 a.m. ET, March 28, 2024
Prosecutor: FTX fraud “was once now not a cold monetary loss on paper”
From The Gentleman Report’s Lauren del Valle
Assistant United States District Legal professional Nicolas Roos stepping out of federal courtroom on November 2, 2023, after a accountable verdict was once reached at the fraud trial of Samuel Bankman-Fried.
David Dee Delgado/Getty Photographs
After Bankman-Fried addressed the courtroom, prosecutor Nicolas Roos presented a sobering counter-argument that FTX was once “created with criminal activity that was once pervasive all through.”
“Sam Bankman-Fried stole over $8 billion in buyer cash, and I emphasize stole as it was once now not a liquidity disaster, or an lively mismanagement, or deficient oversight from the highest,” Roos mentioned. “It was once now not a cold monetary loss on paper.”
