Prosecutors Paint SBF as Fraud Mastermind; Defense Says He's a Nerd Who Was In Over His Head

Prosecutors portray SBF as mastermind of $10bn fraud who lavished customer money on luxuries. Defense says he's a "math nerd" who acted in good faith but was in over his head.

Defense blames SBF's inexperience, with FTX a "startup plane built while flying." Says he lacked risk management.

Defense points finger at others like Caroline Ellison for not hedging as SBF asked.

Defense tries to paint SBF's lifestyle as modest for a billionaire. Questions if Bahamas apartment was luxurious.

Prosecution contends apartment was luxurious. Aims to dispel defense narrative of SBF as hapless tech bro.