FTX Co-Founder Prepares Expert Witnesses for Fraud Trial
Key Points:
- FTX co-founder Sam Bankman-Fried plans to call seven expert witnesses to testify on his behalf in an upcoming fraud trial.
- Witnesses will testify on campaign finance laws, valuations of FTX and Alameda Research, and the crypto exchange’s software infrastructure and terms of service.
- Prosecutors have former friends and colleagues of Bankman-Fried ready to testify against him.
- Bankman-Fried’s defense team seeks to exclude discovery material obtained after July 1, but the judge rejected the request.
- Expert witnesses include former Federal Election Commission Chairperson Bradley Smith and financial services industry consultant Peter Vinella.
Hot Take:
As the fraud trial approaches, FTX co-founder Sam Bankman-Fried is preparing a robust defense strategy by enlisting expert witnesses. The witnesses will provide insights into campaign finance laws, valuations, and software infrastructure relevant to the case. Bankman-Fried’s defense team also seeks to argue that his actions were directed by FTX’s attorneys. However, prosecutors have their own witnesses prepared to testify against him. The trial will be a battle between the prosecution and the defense, with both sides striving to present compelling evidence and arguments. Ultimately, the outcome of the trial will hinge on the effectiveness of the expert witnesses and the arguments put forth by both sides.
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