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Sam Bankman-Fried's Trial Nears End as Prosecution Rests Case in $8 Billion Fraud Case

The trial of Sam Bankman-Fried is nearing its end, with the prosecution set to conclude their case on October 26 after hearing from almost 20 witnesses. The prosecution has argued that Bankman-Fried intentionally deceived former FTX employees, customers, investors, government officials, and law enforcement agents, resulting in an $8 billion gap between FTX and Alameda Research in November 2022. Bankman-Fried's defense has not yet confirmed whether they will present a case, but if they do, it will begin on October 26. The defense has struggled to present a narrative to jurors, and the prosecution has the burden of proving the alleged crimes.

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