Sam Bankman-Fried is accused of defrauding the company's customers, investors and lenders. He's set to take the stand on his own defense starting as early as Thursday.Now, he will make that case directly to jurors in his criminal trial in a high-stakes gamble to avoid prison time.
It's an argument he's likely to make on the witness stand during his testimony, which could begin as early as Thursday.Caroline Ellison, a former colleague and on-and-off girlfriend of Bankman-Fried, leaves Manhattan Federal Court in New York City after testifying against Bankman-Fried on Oct. 10, 2023.
The government has had star witnesses make its case, including Caroline Ellison. She was Alameda Research's CEO and Bankman-Fried's on-again, off-again girlfriend.According to Tarek Helou, who used to be a federal prosecutor , their testimony seems pretty damning.But according to Ellison's testimony, Bankman-Fried often liked to take chances if he felt there was enough potential upside.
In the courtroom, Bankman-Fried will face all kinds of constraints. There are rules about what he can and cannot say. But after weeks of seeing prosecutors build their case against him, Bankman-Fried has decided it's worth it to roll the dice.In many ways, this is an extension of a strategy Bankman-Fried has used since he was running FTX.
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