SBF Trial Day 16 — Both sides enter closing arguments as jury prepares to deliberate
The prosecution told the jury that SBF knowingly made off with billions in customer deposits, while the defense chalked his wrongdoings up to "terrible mistakes."
"This is not about complicated issues of cryptocurrency," the government told the jury. "It's about lies and stealing and greed."
Barry Berke is a renowned litigator whose career has engaged with several high-profile figures.
CFTC Commissioner Christy Goldsmith Romero described the crypto industry as an industry with "pervasive fraud and other illegality."
The day's proceedings revolved around scrutinizing SBF's relationship with the Bahamian government, handling customer funds, and transparency issues.
The accountability office said the securities agency failed to submit necessary reports.
Sam Bankman-Fried took the stand one last time during his criminal fraud trial in New York to deny wrongdoing.