The prosecutor will present a closing argument against the SBF

The government filed its objection against former FTX CEO Sam Bankman-Fried in response to statements made by the defense during closing arguments a day earlier.

The 12-jurors will receive their final instructions on Nov. 2 in Manhattan's Southern District Court. Jurors get pizza and transportation after court hours, according to District Court Judge Louis Kaplan.

As the @SBF_FTX trial draws to a close, the prosecution and defense have presented their closing arguments. https://t.co/csFJ5AAZxm

— Cointelegraph (@Cointelegraph) November 1, 2023

Speaking in court, Assistant U.S. Attorney Danielle Sassoon said prosecutors “met their burden” in finding Banman-Fried guilty of seven counts of wire fraud and conspiracy to defraud.

According to Sassoon, the former FTX CEO misled clients, investors and the media that the assets held in FTX were safe and that Alameda Research had no involvement with the funds.

Sassoon pointed to Bankuman-Fried's tweets and public statements made in the months and weeks before the FTX collapse, including claims that client funds were held in separate accounts when, in fact, they were being used by Alameda for research.

Sassoon rejected the defense's contention that Bankuman-Fried went public with the media after the FTX collapse, saying his interviews and tweets made him appear credible when he couldn't repay his clients.

“He didn't want to be a fugitive,” Banman-Fried said, adding that he wanted to be president of the United States. “He lied to gain the trust of the customers.”

Prosecutors Banman-Fried did not know about Alameda's multibillion-dollar line of credit and presented spreadsheets to refute questions about paying creditors with client funds.

According to Sassoon, during yesterday's hearing, the defense's claim that the government painted Bankman-Fried as a monster was “desperate.”

“They were acting on the defendant's instructions,” Sassoon said of Caroline Ellison, Gary Wang and Nishad Singh.

Bankman-Fried's former inner circle testified in the case in cooperation with the government. During closing arguments, the defendants' attorneys attempted to rebut their testimony by claiming that it was part of a cooperation agreement with federal prosecutors.

The defense, according to Sassoon, wanted jurors to believe that Banman-Fried had no clue what was going on at Alameda and FTX. The defense's claim contradicts the evidence, the US attorney said: “This is nonsense.

Related: Sam Bankman-Fried ‘doubled down' by buying Binance stake in FTX – US prosecutors

FTX's strategy, Sassoon said, was not to hire an incident officer as soon as anyone found out about the deleted messages and money laundering.

“He knew what he was doing was wrong – that's why he never hired an emergency officer,” she told jurors.