NEW YORK (NEWSnet/AP) — A prosecutor opened a fraud trial Wednesday by telling jurors that FTX founder Sam Bankman-Fried stole $10 billion.

Bankman-Fried, 31, maintains he was not to blame for a massive fraud that prosecutors allege in seven charges, including wire fraud and conspiracy, brought against him since his arrest last December in the Bahamas. 

He's accused of defrauding investors and customers of FTX by siphoning off their money for his own use.

A defense lawyer insisted his client didn’t steal from anyone.

The duration of the trial is expected to last six weeks.

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