Sam Bankman-Fried has been on trial on prices of fraud and cash laundering for simply over 4 weeks, and the case seems to be prefer it’s lastly drawing to a detailed. The prosecution started its closing statements on Wednesday.

Assistant U.S. legal professional Nicolas Roos stood in entrance of jurors from 10 a.m. ET till the courtroom broke for lunch round 1 p.m. reiterating the prosecution’s case: Bankman-Fried lied, made false guarantees and is answerable for billions of {dollars} misplaced for hundreds of buyers on FTX. And on prime of that, that Bankman-Fried had many alternatives to return clear, however didn’t.

At one particularly dramatic second, Roos pointed on the defendant and mentioned, “Who’s accountable? This man: Samuel Bankman-Fried.” The previous CEO of FTX didn’t look again, however he tilted his head barely.

The prosecutor emphasised the way it was flawed of FTX to make use of clients’ funds with out their data or approval. “It was a common view: Buyer funds belong to clients and may’t be used,” Roos mentioned, including that even FTX’s phrases of service said that customers’ deposits belonged to customers.

In accordance with the proof, there was a “big distinction between what FTX mentioned it had for purchasers versus what it really had” and the way billions of {dollars} had been lacking, Roos mentioned. “This isn’t about difficult crypto [terms]. It’s about deception. It’s about lies. It’s about stealing; greed.”