“Everything was built on lies,” continued Rehn, who stated that the co-founder of Alameda Research and FTX had “lied to the world” to enrich himself and increase the influence of lobbyists in Washington, D.C. His lawyer, Mark Cohen, described his client as an entrepreneur who made mistakes during a period of rapid growth. “There was no theft,” he explained to the jurors.
In the gallery, among journalists and lawyers, were Joseph Bankman and Barbara Fried, the defendant’s parents. In recent days, Joseph has smiled occasionally, while Barbara has stared at her son in the courtroom for hours.
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