Sam Bankman-Fried will have to decide this week whether he wants to take the stand and explain what happened at FTX in his own words.
Ongoing sell-off in bonds and worries about Isreal-Hamas war escalation are weighing on the market, as it waits for Big Tech earnings.Sam Bankman-Fried has to make a fateful decision this week: Testify in his own defense, or say nothing in response to
The prosecution’s trial strategy here is a common one, said white-collar criminal defense attorney and former federal and state prosecutor David Weinstein, adding that the government's level of success will likely influence Bankman-Fried’s decision to testify or not. Caroline Ellison, former CEO of Alameda Research, exiting a Manhattan federal courthouse after testifying earlier this month. Weinstein points out that much of the corroborating testimony provided by government witnesses is an interpretation of what Bankman-Fried said. Therefore, the statements from witnesses are open to dissection and discrediting by the defense in an attempt to create reasonable doubt about Bankman-Fried's guilt.
In court last Wednesday, Cohen said his defense team was still "working through" whether to put on a defense case at all."Bankman-Fried has to put on a defense," Rahmani said. "A defense that relies on cross-examination and closing arguments only trying to make the case that he didn’t know what was going on or that the victims weren’t really defrauded isn’t going to work because the prosecution is so far ahead.
"I am not a doctor, but my lay person’s perception is that a lower dose of Adderall than Bankman-Fried is accustomed to would not impact his understanding in that way," Sorensen said.
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