Sam Bankman Fried’s Defense Team Seeks Clarity on Bankruptcy and Philanthropy in Trial

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By BitcoinWiki News

Key Takeaways:

– Defense team seeks clarity from judge on specific arguments they can present during the trial on behalf of Sam Bankman-Fried
– Defense wants to argue that FTX was not regulated in the US while acknowledging FTX.US adhered to applicable rules
– Defense seeks permission to discuss potential recoveries by FTX creditors in bankruptcy case and Bankman-Fried’s charitable activities
– Defense concerned about Department of Justice’s plan to introduce evidence of alleged illegal campaign finance scheme
– Judge previously ruled in favor of DOJ, preventing certain arguments by Bankman-Fried during trial, but FTX lawyer disputes their objections
– Judge also ruled that Bankman-Fried cannot mention “advice of counsel” defense during opening arguments, may be allowed later
– DOJ tries to prevent defense from presenting mental disease defense, argues lack of proper notice and relevance
– Unpublished tweets suggest Bankman-Fried discussing mental health struggles
– Trial starts with jury selection, opening arguments potentially beginning on October 4th
– Both Bankman-Fried and DOJ submitted voir dire questions to identify jurors familiar with the case, crypto, or effective altruism.


The defense team representing Sam Bankman-Fried, the founder of FTX, is seeking clarity from the U.S. judge overseeing the case regarding the specific arguments they can present during the trial. They want to understand if they can argue that FTX was not regulated in the United States, while acknowledging that FTX.US did adhere to applicable rules. The defense is also seeking permission for Bankman-Fried to discuss potential recoveries by FTX creditors in the ongoing bankruptcy case, as well as his charitable giving and philanthropic activities. One of the defense’s concerns is related to the Department of Justice’s intention to introduce evidence related to an alleged illegal campaign finance scheme. The defense is requesting reconsideration or clarification of the judge’s ruling in light of Bankman-Fried’s opposition to the government’s request. The judge previously ruled in favor of the DOJ, preventing Bankman-Fried from making certain arguments during the trial. However, the defense may be allowed to raise these arguments at a later stage with proper notice to the court and the prosecution. The DOJ is also attempting to prevent Bankman-Fried’s attorneys from presenting a mental disease defense, claiming they were not given proper notice before the deadline. The agency argued that questions related to effective altruism were unnecessary and an attempt to shape a defense narrative. They also deemed questions about Bankman-Fried’s ADHD and related medication as irrelevant and prejudicial. Unpublished tweets from Bankman-Fried discussing his mental health struggles have been circulating, indicating that he has been dealing with mild depression and anhedonia since at least December. The trial is scheduled to start on Tuesday with jury selection. Opening arguments could potentially begin on October 4. Both Bankman-Fried and the DOJ have submitted voir dire questions to identify if any potential jurors are familiar with the case, specifically with crypto or with effective altruism.

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