Judge Denies Request to Cross-Examine Gary Wang
Sam Bankman-Fried’s defense team has been denied their request to cross-examine former FTX CTO Gary Wang by Judge Kaplan. The defense sought to question Wang about the involvement of FTX lawyers in structuring loans issued by Alameda Research. However, the judge deemed the issue no longer relevant and too much time had passed.
Caroline Ellison Blames Sam Bankman-Fried
Caroline Ellison, former CEO of Alameda Research, has pleaded guilty and cooperated with investigators. She claimed that she was directed by Sam Bankman-Fried to commit fraud and that he had control over both FTX and Alameda’s operations. She also stated that Bankman-Fried knew about the risks at Alameda but still used customer funds for risky investments.
Hot Take: Judge Rejects Cross-Examination Requests
In a blow to Sam Bankman-Fried’s defense, Judge Kaplan has denied their requests to cross-examine Gary Wang and Caroline Ellison. The defense had hoped to elicit evidence regarding the involvement of FTX lawyers in structuring loans and Bankman-Fried’s alleged control over operations. However, the judge deemed these issues no longer relevant. This decision may impact the defense’s ability to challenge the prosecution’s case and undermine their argument of good faith and lack of criminal intent.
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