FTX Founder Sam Bankman-Fried's Fraud Trial Reaches Final Stage with Jury Now Deliberating Verdict

Bankman-Fried denies defrauding FTX customers only to face accusations of stolen billions in customer deposits, misdirected funds, and allegations of conscious avoidance of fraud.

Sam Bankman-Fried, the founder of FTX, is facing allegations of fraud whereby he's accused of stealing billions in customer deposits. The final stage of his trial is now underway with a jury deliberating the verdict.
Testimonies against Bankman-Fried include those of his former associates who allege that he was fully aware and responsible for the misappropriation of funds from his company, FTX.
During the trial, Bankman-Fried testified in his own defense, claiming unawareness of the financial abuses and placing the blame on three of his former colleagues who testified against him.
While the defendant denies involvement, prosecutors argue that evidence such as spreadsheets detailing Alameda's borrowing from FTX and a tweet trying to assure customers, point to his knowledge of the fraudulent activities.
If convicted, Bankman-Fried could potentially face a life sentence for his alleged involvement in various charges including wire fraud, securities fraud, and money laundering.