FTX founder Sam Bankman-Fried has decided to testify in his own defense, a legal gamble that sets up a dramatic conclusion to his criminal trial in New York City.
"Even a sophisticated and confident defendant like Sam Bankman-Fried can do more harm than good to his case by testifying," Weinstein said. He can be asked exactly what he meant by his own statements. , three of his top executives and other former employees walked the jury through a limited number of their preserved messages, spreadsheets, and Google documents.were actively discussing with Bankman-Fried how to plug the $8 billion shortfall by June 2022. That was just months before the exchange collapsed in November 2022.
"Bankman-Fried has to put on a defense," former federal prosecutor Neama Rahmani said. "A defense that relies on cross-examination and closing arguments only trying to make the case that he didn’t know what was going on or that the victims weren’t really defrauded isn’t going to work because the prosecution is so far ahead.
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