1 year ago
Sam Bankman-Fried’s ineligible squad claimed past week that the FTX laminitis received assurances from lawyers his actions were lawful. However, national prosecutors are present contesting the validity of Bankman-Fried’s defence strategy up of trial.
Bankman-Fried’s Legal Defense successful Question After DOJ Objection
In a court filing published Tuesday, national prosecutors questioned Bankman-Fried’s quality to trust connected ineligible proposal arsenic part of his defense. They argued helium has not provided capable details astir the quality and scope of the ineligible assurances helium allegedly received.
“The defendant’s August 23, 2023, missive does not supply capable announcement of immoderate contemplated reliance connected counsel defense, and the suspect has not produced immoderate find relating to specified a defense,” the filing stated. Prosecutors contend Bankman-Fried needs to clarify which attorneys provided advice, what they advised, and erstwhile that proposal was given.
The Department of Justice (DOJ) besides suggested Bankman-Fried’s attorneys whitethorn person been unaware of cardinal details astir his absorption of FTX and Alameda Research. If so, their ineligible proposal would not absolve the laminitis of wrongdoing. “Without grounds that the suspect told the lawyer that the wealth being loaned was lawsuit money, focusing the assemblage connected the attorney’s engagement to marque the loans look benign would beryllium misleading,” the filing read.
In their ain filing past week, Bankman-Fried’s attorneys said helium received ineligible support connected issues similar institution information policies, slope accounts, and lawsuit presumption of service. However, prosecutors see these claims excessively vague without specifics connected what lawyers knew and recommended.
The DOJ has requested written announcement from Bankman-Fried astir immoderate ceremonial ineligible defence helium plans to mount. They besides privation each documents supporting an “advice of counsel” statement that could perchance undermine attorney-client privilege.
Bankman-Fried has not yet provided the disclosures requested by national prosecutors. Their filing suggests his quality to mention ineligible proposal astatine proceedings could beryllium constricted without further details.
The FTX laminitis has pleaded not blameworthy to fraud charges related to the alleged misuse of billions of dollars successful FTX lawsuit funds earlier the exchange’s bankruptcy. Jury enactment for his proceedings is scheduled to statesman connected October 2nd.
What bash you deliberation astir the DOJ’s statement against Bankman-Fried’s latest defense? Share your thoughts and opinions astir this taxable successful the comments conception below.
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