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Prosecutors argue "effective altruism" is not a valid defense in Sam Bankman-Fried's fraud trial

Prosecutors in the fraud trial of Sam Bankman-Fried have requested that the judge instruct the jury that his claim of being an effective altruist is not a valid defense. Bankman-Fried is accused of stealing billions of dollars from FTX customers and using them for personal gain, including political donations, real estate, and investments. His defense team has attempted to present him as a philanthropist driven by a genuine desire to make a positive impact on the world, but prosecutors assert that effective altruism offers no defense to fraud. The trial is expected to conclude next week after jury instructions and closing arguments.

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