Prosecutors argue ‘effective altruism’ inadequate in Bankman-Fried case

In the fraud trial of Sam Bankman-Fried, prosecutors have requested the judge inform the jury that the defendant’s assertion that he is an effective altruist should not serve as a legitimate defense. Bankman-Fried faces

They also claim that Bankman-Fried had an understanding of the potential dangers and repercussions resulting from his actions. They said that he actively hid these actions from regulatory authorities, auditors and the public. As evidence, they introduced a compilation of emails, messages, spreadsheets and bank records that revealed the full scope of Bankman-Fried’s deceptive plan.

Finalizing the jury instructions is expected next week, followed by closing arguments. Subsequently, the jury will commence deliberations to determine Bankman-Fried’s legal fate.

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