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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