FTX Founder Sam Bankman-Fried Fights Prosecutor's Evidence in Upcoming Lawsuit
Date: 2023-09-05 Author: Karina Ziganova Categories: IN WORLD
Lawyers for FTX founder Samuel Bankman-Fried filed papers on Friday, Sept. 1, against several federal prosecutors' motions to admit specific evidence in his upcoming trial on his bribery and conspiracy charges.
According to Bankman-Freed's defenders, prosecutors should not be allowed to present evidence from cases related to charges dropped or expunged. These include: alleged corruption violations of the Corrupt Practices Act for bribing officials in the Bahamas, illegal donations to fund campaigns, and bank fraud in the FTX Florida branch.
To this, the lawyer stated that the admission of this evidence would be "inappropriate and biased" due to the confusion of the jury.
Attorneys say prosecutors shouldn't "select" parts of FTX's terms of service to accept them as evidence while excluding others. The full Terms of Service document will be up to date, they said.
Despite this, the defense raised objections to the prosecution's "attempts to admit broad categories of hearsay evidence" without going into detail.
The Bankman-Fried team believed that the prosecution should be prohibited from excluding defense evidence generally related to industry norms, intent to pay clients' money, and other topics relevant to the defense.
They argued that too many of the prosecution's motions were premature and overbroad. Until such time as the court provides the court with specific evidence, these issues should be rejected or limited.
Bankman-Fried, 30, has pleaded not guilty to allegations that he illegally diverted huge client deposits from FTX to make lavish real estate purchases and donate money to politicians in the name of shady deals for Alameda Research. using his huge bank deposits, the client appropriated other people's money.
According to the defense, federal prosecutors unfairly try to admit only evidence that is favorable to the case and does not take into account the exculpatory facts that are central to the Bankman-Freed defense. According to his lawyers, this is a violation of the right of Bankman-Fried to present his version of events to the jury.
Bankman-Freed's trial is expected in Manhattan federal court in October. According to the prosecution, he defrauded FTX depositors and clients of billions of dollars. In December, he was extradited from the Bahamas.
