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Sam Bankman-Fried has<\/span> been on trial on charges of fraud and money laundering for just over four weeks, and the case looks like it\u2019s finally drawing to a close. The prosecution began its closing statements on Wednesday.<\/p>\n Assistant U.S. attorney Nicolas Roos stood in front of jurors from 10 a.m. ET until the court broke for lunch around 1 p.m., reiterating the prosecution\u2019s case: Bankman-Fried lied, made false promises and is responsible for billions of dollars lost for thousands of investors on FTX. And on top of that, Bankman-Fried had many opportunities to come clean but didn\u2019t.<\/p>\n At one especially dramatic moment, Roos pointed at the defendant and said, \u201cWho is responsible? This man: Samuel Bankman-Fried.\u201d The former CEO of FTX did not look back, but he tilted his head slightly.<\/p>\n The prosecutor emphasized how it was wrong of FTX to use customers\u2019 funds without their knowledge or approval. \u201cIt was a universal view: Customer funds belong to customers and can\u2019t be used,\u201d Roos said, adding that even FTX\u2019s terms of service stated that users\u2019 deposits belonged to users.<\/p>\n According to the evidence, there was a \u201chuge difference between what FTX said it had for customers versus what it actually had\u201d and how billions of dollars were missing, Roos said. \u201cThis is not about complicated crypto [terms]. It\u2019s about deception. It\u2019s about lies. It\u2019s about stealing, greed.\u201d<\/p>\n<\/p><\/div>\n