Former FTX CEO Sam “SBF” Bankman-Fried will testify as a part of his protection case, stated legal professional Mark Cohen.
In an Oct. 25 phone convention between SBF’s attorneys, prosecutors and Choose Lewis Kaplan, Cohen stated following the prosecution finishing the presentation of its case on Oct. 26, his workforce deliberate to name three witnesses in addition to Bankman-Fried to the stand. Choose Kaplan stated he would enable the case to go “straight by way of” on Oct. 26, transferring straight from the prosecutors’ closing witness to the protection’s first one.
In line with Cohen, the protection just isn’t anticipated to take greater than three days to query the three potential witnesses, which included an legal professional primarily based within the Bahamas, Joseph Pimbley from litigation consulting agency PF2 Securities, and a person to testify on the titles and obligations of former FTX workers. By Kaplan’s estimation, the protection case might take “maybe an hour,” excluding SBF’s testimony.
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America authorities is predicted to wrap up its case towards SBF on the morning of Oct. 26, with protection attorneys probably ending the next day. Prosecutors added they had been unsure whether or not rebuttal witnesses could be mandatory relying on Bankman-Fried’s testimony. Closing arguments might be held earlier than Oct. 31.
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Kaplan questioned whether or not the court docket would think about pursuing a particular verdict within the case. The state of affairs is one during which “the jury provides its findings on factual points within the case, with out essentially stating which get together ought to win,” in line with Cornell Legislation Faculty’s Authorized Info Institute.
“[T]he authorities has a single substantive wire fraud depend associated to clients, and the idea is that the defendant [SBF] made false representations and was in a belief relationship with depositors and took cash,” stated Assistant U.S. Legal professional Nicolas Roos. “I feel there’s actually a component to which these are very intertwined to the extent that the false representations created an impression of belief and confidence amongst the victims of the crime.”
The attainable testimony of Bankman-Fried would comply with statements from former FTX and Alameda executives, together with Caroline Ellison, Gary Wang and Nishad Singh, all of whom admitted to committing crimes on the stand — typically on the route of SBF. The felony case alleged SBF was accountable for Alameda utilizing FTX funds from clients with out their data.
It’s unclear what info Bankman-Fried might present to the jury that will counter the narrative put forth by different witnesses to this point. The trial has been on hiatus since Oct. 19 however is predicted to renew on Oct. 26.
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