Inside SBF's Trial: Sam 'wasn't sure' nearly one hundred and fifty times

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The cross-examination of SBF in his trial on seven counts of fraud and conspiracy related to the downfall of FTX took up most of Monday.

At one point on Monday, Assistant United States Attorney Danielle Sassoon asked Sam Bankman-Fried a seemingly simple question during her cross-examination of the defendant at his trial over seven counts of fraud and conspiracy: "Just to be clear, Mr. Bankman-Fried, taking money from FTX to pay back lenders, that's not margin trading, is it?"

Bankman-Fried: I'm not——I don't think that's what happened, and I'm also not saying that's not margin trading.Bankman-Fried: I'm not sure I agree. I don't think I agree.Bankman-Fried: I'm not sure I agree with that.Bankman-Fried: It's my testimony that it depends on the details, but that that very well could be a margin trade. I'm sorry. It's a hypothetical. I'm speculating here.

Sassoon also usually caught when Bankman-Fried answered a different question than the one she had asked, pressing him again until she got a satisfactory response — or enough deferrals for the jury to presumably award her the point anyway. When Bankman-Fried responded, "I don't think I said that in that way," Sassoon pulled up an excerpt from a New York Times article, with Croghan recounting how, after he told Bankman-Fried to get a haircut, the latter responded, according to Croghan's remarks quoted by the reporter, "I honestly think it's negative EV for me to cut my hair. I think it's important for people to think I look crazy.

 

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