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In a highly anticipated trial in New York, two opposing narratives emerged regarding Sam Bankman-Fried, previous prominent figure in the crypto realm, as he faced charges of fraud. The prosecutor, Thane Rehn, argued that Bankman-Fried's success was a sham, built upon deceitful actions. According to Rehn, the former crypto darling orchestrated a vast fraud scheme by misappropriating funds from customers of his FTX exchange platform for personal gain. Bankman-Fried, charged with multiple counts including embezzlement and criminal conspiracy, potentially faces an extensive prison sentence if convicted. The trial is expected to unfold over a six-week period, with Bankman-Fried's defense team highlighting the role of his ex-girlfriend, Caroline Ellison, and her alleged involvement in the illicit activities.