1 year ago
Lawyers for FTX laminitis Samuel Bankman-Fried filed tribunal papers Friday, Sept. 1, opposing respective motions by national prosecutors to admit circumstantial grounds astatine his upcoming proceedings connected fraud and conspiracy charges.
Bankman-Fried’s attorneys argued prosecutors should not beryllium allowed to present grounds related to charges antecedently dropped oregon severed from the case. Those see alleged violations of the Foreign Corrupt Practices Act for bribing officials successful the Bahamas, amerciable run concern donations, and slope fraud connected to FTX’s U.S. affiliate operation.
The defence said admitting specified grounds would beryllium “irrelevant, prejudicial, and confuse the jury.”
Prosecutors besides should not beryllium permitted to “cherry-pick” portions of FTX’s presumption of work to admit arsenic grounds portion excluding different parts, the lawyers said. They argued the afloat presumption of work papers is relevant.
Additionally, the defence objected to the prosecution’s “effort to admit wide categories of hearsay evidence” without providing specifics.
Bankman-Fried’s squad argued the prosecution should beryllium barred from excluding defence grounds related to manufacture norms, Bankman-Fried’s intent to repay customers, engagement of ineligible counsel successful institution matters, and different topics applicable to the defense.
They contended galore of the prosecution’s requests were premature and overly broad. The defence said specified matters should beryllium denied oregon constricted until circumstantial grounds is presented astatine trial.
Bankman-Fried, 30, has pleaded not guilty to charges that helium illegally diverted monolithic lawsuit deposits from FTX to marque lavish existent property purchases, donate wealth to politicians, and marque risky trades astatine Alameda Research, his cryptocurrency hedge money trading firm.
The defence argued national prosecutors are unfairly attempting to admit lone grounds favorable to their lawsuit portion excluding exculpatory grounds cardinal to Bankman-Fried’s defense. His lawyers said this infringes connected Bankman-Fried’s close to contiguous his mentation of events to the jury.
Bankman-Fried faces proceedings successful October successful Manhattan national court. He is accused of defrauding investors and FTX customers retired of billions of dollars. He was extradited from the Bahamas successful December.
The station FTX laminitis Sam Bankman-Fried fights against prosecutors’ grounds successful upcoming fraud trial appeared archetypal connected CryptoSlate.
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