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The prosecution in Sam Bankman-Fried’s (SBF) case is anticipated to relaxation its case on October 27. Following this, the protection is supposed to open its case. Nevertheless, it stays unsure whether or not or not SBF’s attorneys are going to place up a case. In the event that they do, there’s each chance that they are going to be restricted within the witnesses or proof they’ll adduce.
Why Sam Bankman-Fried’s Attorneys Could Be Indecisive On Subsequent Step
Based on a report by the Block, Sam Bankman-Fried’s lead counsel, Mark Cohen, had talked about in courtroom on October 18 that they had been nonetheless contemplating whether or not or to not put up a case and in the event that they do “of what nature.” Cohen’s assertion is important for a number of causes.
For one, there is no such thing as a denying that they’re presently on the again foot in a case the place the prosecution appears to have succeeded in establishing its allegations of fraud towards Sam Bankman-Fried. Key witnesses like Caroline Ellison, Gary Wang, and Nishad Singh have to this point established that Sam Bankman-Fried was at all times in cost and the mind behind each misappropriation.
SBF’s attorneys appeared to have hinted, on the second day of the trial, about their protection methods. Certainly one of them was that they had been going to argue that their consumer had acted in good religion and that each one the loans to Alameda had been permitted. One other was accountable Alameda’s ex-CEO Ellison by stating that Sam Bankman-Fried had suggested her to hedge towards the autumn in crypto costs, which she didn’t.
This line of arguments, nevertheless, appears to be lifeless on arrival (and SBF’s attorneys might concentrate on that) following revelations which have come to mild. Their case isn’t made higher by the truth that the protection mainly did not create any gap within the prosecution’s case. Notably, they did not dampen the credibility (throughout cross) of Ellison, whom they deliberate to place all of the blame on.
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Nothing Appears To Be Going For Sam Bankman-Fried Protection
The Protection had filed to be allowed to supply proof of Anthropic’s worth to point out that a few of SBF’s funding ventures had been really worthwhile (in all probability in a bid to point out good religion). Nevertheless, that request has been denied as Decide Kaplan as a substitute granted the prosecution’s movement to preclude any proof or argument regarding that.
In the meantime, Decide Kaplan, in response to the protection’s newest demand about SBF’s medicine, had talked about that there was no approach he was going to permit Cohen to present Sam Bankman-Fried his medication in courtroom whereas the courtroom was in session.
SBF’s attorneys had appeared to recommend that he was solely more likely to testify if he was getting his required dose. They famous that the defendant struggled to pay attention on account of his lack of ability to take the prescribed dosage in the course of the trial. With this in thoughts, it’s unlikely that the protection counsels will need their consumer to take the stand if he can’t “meaningfully take part with out the medication.”
Moreso, they are going to be cautious of how that may very well be disastrous to their case, particularly when SBF is placed on cross-examination. Any misstatement (within the protection’s context) made by SBF may very well be the ultimate nail within the coffin as he makes his method to jail.
Featured picture from LA Instances, chart from Tradingview.com
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