{"id":549702,"date":"2023-09-01T14:00:16","date_gmt":"2023-09-01T14:00:16","guid":{"rendered":"https:\/\/wncen.com\/?p=549702"},"modified":"2023-09-01T10:28:50","modified_gmt":"2023-09-01T10:28:50","slug":"sam-bankman-fried-ftx-trial","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/sam-bankman-fried-ftx-trial\/","title":{"rendered":"FTX’s-Sam Bankman-Fried Puts Trial Defense Together With 7 Expert Witnesses"},"content":{"rendered":"
Sam Bankman-Fried<\/span> (SBF), the founder of the defunct FTX exchange<\/a>, is set to face trial in October, barring any <\/span>postponement<\/span><\/a>. Amid the fracas, the former exchange CEO has maintained that he isn\u2019t guilty of all these <\/span>charges<\/span><\/a> leveled against him and will be reportedly bringing expert witnesses to prove his innocence.<\/span><\/p>\n According to a Bloomberg <\/span>report<\/span><\/a>, Sam Bankman-Fried is employing the services of seven different expert witnesses to help bolster his case. These expert witnesses may form part of SBF\u2019s defense, and if so, they will be allegedly paid $1,200 an hour to testify in favor of FTX\u2019s former CEO.\u00a0<\/span><\/p>\n This means that SBF\u2019s defense could be spending up to $8,400 an hour for these expert witnesses, a staggering figure given that high-profile trials like these can drag out for a long time.<\/span><\/p>\n This list of expert witnesses released so far includes Lawrence Akka, Thomas Bishop, Brian Kim, Joseph Pimbley, Bradley Smith, Peter Vinella, and Andrew Di Wu.<\/span><\/p>\n Expert witnesses are persons with specialized knowledge in a particular field. They are usually called upon in court proceedings to break down complex or technical issues that the Judge and the jury may not be conversant with.\u00a0<\/span><\/p>\n According to the defendant\u2019s notice, SBF\u2019s expert witnesses will give evidence of various issues, including campaign finance laws, the finances of FTX and its sister company, Alameda Research, and the crypto exchange\u2019s software infrastructure.\u00a0<\/span><\/p>\n However, it is surprising that SBF is calling an expert witness to give background information on the US campaign finance laws, considering that the prosecution had <\/span>dropped<\/span><\/a> the charge of him violating campaign finance rules.\u00a0<\/span><\/p>\n The charge was dropped because it didn\u2019t form part of the US government\u2019s extradition agreement with the Bahamas government, and thus had no legs to stand on. But it seems defending himself against such allegations is important to the FTX founder given he is preparing a defense for it.\u00a0<\/span><\/p>\n <\/p>\n In reply to SBF\u2019s notice of his expert witnesses, the government has <\/span>filed<\/span><\/a> a motion to exclude the testimony of these witnesses. The prosecutors argue that these experts and their accompanying disclosures suffer from an \u201carray of deficiencies\u201d that necessitate their exclusion.\u00a0<\/span><\/p>\nSam Bankman-Fried Defense To Call Seven Expert Witnesses\u00a0<\/span><\/h2>\n
FTT continues to decline as trial draws closer | Source: FTTUSD on Tradingview.com<\/a><\/pre>\n
DOJ Objects To SBF\u2019s Expert Witnesses<\/h2>\n