In the upcoming trial involving Sam Bankman-Fried, the former FTX CEO, the Department of Justice (DOJ) announced its plan to summon previous FTX customers, investors, and employees as witnesses.
On Sept 30, the Department of Justice (DOJ) filed a letter motion in limine. This motion outlined the witnesses that the DOJ intended to question regarding FTX’s handling of customer assets.
The purpose of the testimony is to provide perspective on how the accused and witnesses interact. It also aims to understand the witnesses’ interpretations of Bankman-Fried’s statements and actions, specifically concerning FTX’s assessment management. The Department of Justice seeks to highlight the errors made by institutional and retail clients who entrusted their valuable assets to FTX with hopes of safeguarding them.
Moreover, an interesting circumstance has come to light concerning one of the DOJ’s witnesses known as “FTX Customer-1,” who resides in Ukraine. The ongoing crisis in Ukraine poses challenges for them to testify in person in the US. As a viable alternative, the DOJ has suggested video conferencing; however, Bankman-Fried’s legal team has not yet accepted this proposal.
FTX Trial Looms: Defense Challenges Jury Inquiries
The defense team, led by attorney Mark Cohen, representing Bankman-Fried, has raised objections to the jury instructions provided by the DOJ. The defense argues that these interrogations suggest Bankman-Fried’s guilt, potentially undermining the presumption of innocence – “innocent until proven guilty.”
Additionally, the defense asserts that these inquiries may not fully expose the jurors’ deep-seated biases, especially considering their familiarity with cryptocurrency. Moreover, specific questions could unintentionally sway the jury’s perspective rather than eliciting genuine insights, putting the trial’s fairness into question.
However, The spotlight centers on a crucial legal dispute set to commence its jury selection on Oct 3, swiftly followed by the trial.
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