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Sam Bankman-Fried built a ‘pyramid of deceit,’ prosecutor concludes during closing arguments

By Barnini Chakraborty
Published November 1, 2023 5:36pm ET
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Sam Bankman-Fried built a ‘pyramid of deceit,’ prosecutor concludes during closing arguments
In this courtroom sketch, FTX founder Sam Bankman-Fried, right, testifies as Judge Lewis Kaplan, upper left, presides during Bankman-Fried's trial in Manhattan federal court, Tuesday, Oct. 31, 2023, in New York. | (Elizabeth Williams via AP)

FTX founder Sam Bankman-Fried built a “pyramid of deceit” and knowingly swindled customers out of billions of dollars to fund a lavish lifestyle and party with celebrities, federal prosecutors said Wednesday in their closing argument against the former crypto king.

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