Sam Bankman-Fried Trial: Testimony Concludes; Closing Arguments Begin Tomorrow

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Sam Bankman-Fried faces multiple fraud charges in the collapse of his cryptocurrency firm FTX. SBF finished his testimony on Tuesday. Closing arguments begin Wednesday morning.

Judge Lewis Kaplan ruled against the defense’s attempted use of author Michael Lewis’ book “Going Infinite” in court, according to a transcript of FTX founder Sam Bankman-Fried’s trial on Monday. The back-and-forth wasn’t heard in court because it was a sidebar between the prosecutor, the defense and the judge. Bankman-Fried’s lawyer Mark Cohen had wanted to cite a conversation Bankman-Fried had with FTX’s former director of engineering Nishad Singh from Lewis’ book.

Bankman-Fried was quoted as responding to Singh: “I don't think we did anything wrong. I don't think you did anything wrong.” To which Singh then said: “That's not good enough.” The government prosecutors objected because they considered it a false exculpatory and inadmissible hearsay, meaning that it’s a piece of evidence that tends to excuse, justify, or absolve the alleged fault or guilt of a defendant. The objection was sustained by the judge.

 

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