FTX Trial Developments: Sam Bankman-Fried’s Defense Moves to Exclude Testimonies of FTX Investors and Insiders During Jury Selection
In the high-stakes fraud trial of crypto entrepreneur Sam Bankman-Fried, his legal team is vehemently opposing the testimony of specific investors and insiders.
In a letter addressed to Judge Lewis Kaplan, Bankman-Fried’s lawyers argued that allowing these individuals to testify would be premature and lack necessary detail. The letter contests the government’s motion to elicit testimony from FTX customers regarding the use of their assets, FTX investors concerning alleged representations about FTX’s role as a custodian, and co-conspirator witnesses interpreting Bankman-Fried’s statements.
Despite Bankman-Fried’s earlier plea for temporary release to prepare his defense amid the trial’s technical complexities, Judge Kaplan denied the request. The trial, where Bankman-Fried faces serious accusations of investor fraud and mismanagement of customer funds, proceeds with jury selection underway.
Clever Robot News Desk 4th October 2023
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