There is no guarantee that Scaramucci, Bankman-Fried's father Joseph Bankman or his brother Gabriel Bankman-Fried will testify during the trial, which is expected to last six weeks and kicked off on Tuesday with jury selection.
Federal prosecutors say Bankman-Fried embezzled from FTX customers since its founding in 2019 until its bankruptcy in order to prop up his hedge fund Alameda Research, buy luxury properties and donate more than $100 million to U.S. political candidates. He stood and smiled for the prospective jurors after Kaplan asked him to rise so they could see if they knew him personally.
Insight Partners, a venture capital firm focused on technology, invested in FTX in 2019, according to private market data provider PitchBook. The company said it was not an investor in Alameda. The now-bankrupt fund is fully owned by Bankman-Fried and former FTX executive Gary Wang, court filings show.
The trial will also feature testimony from three former members of Bankman-Fried's inner circle who have pleaded guilty to fraud charges themselves and agreed to cooperate with the Manhattan U.S. Attorney's office.
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