FTX Founder Sam Bankman-Fried Not Allowed to Blame Lawyers in Trial
A federal judge has ruled that FTX founder Sam Bankman-Fried cannot blame FTX’s lawyers for his alleged wrongdoings in his opening statement. Judge Lewis Kaplan stated that focusing on the involvement of FTX counsel without providing specific details could confuse or prejudice the jury.
Plan to Partially Blame FTX Lawyers
In August, Bankman-Fried’s lawyers revealed their plan to argue that he received legal advice regarding certain decisions, which made him believe he was acting in good faith. They also mentioned their intention to present evidence of Fenwick & West LLP and in-house counsel’s involvement in reviewing and approving these decisions.
The Department of Justice requested more details regarding Bankman-Fried’s defense strategy, or alternatively, to prevent irrelevant questioning, evidence, and arguments. Jury selection for Bankman-Fried’s trial will begin on Tuesday.
Hot Take: Bankman-Fried Must Take Responsibility for His Actions
In his upcoming trial, it is crucial for Sam Bankman-Fried to take responsibility for his alleged wrongdoings instead of attempting to shift blame onto FTX’s lawyers. While legal advice may have influenced his actions, it does not absolve him of any potential illegal activities. It is important for the jury to focus on the specific details and evidence presented during the trial rather than being confused or prejudiced by vague references to lawyer involvement. Only by accepting accountability can justice be served and a fair verdict reached.