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Fortune
Fortune
Leo Schwartz

Sam Bankman-Fried prosecutors want to make sure jurors know effective altruism is no defense for fraud

Sam Bankman-Fried (Credit: Yuki Iwamura—Bloomberg via Getty Images)

The criminal trial for disgraced FTX founder Sam Bankman-Fried wrapped up its third week on Thursday, with prosecutors signaling that they will close their case next week. Bankman-Fried's defense attorneys only expect to take a week to present their witnesses, meaning the time for jury deliberation is fast approaching.

On Thursday afternoon, prosecutors submitted a letter to the judge overseeing the case, Lewis Kaplan, laying out their proposed instructions to the 12 individuals who will decide whether Bankman-Fried committed fraud. Among their asks: Making sure the jury understands effective altruism is not an excuse.

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