1 year ago
In the ongoing transgression proceedings of Sam Bankman-Fried, attorneys for the FTX laminitis filed caller missive motions related to the cross-examination of 2 cardinal prosecution witnesses.
In a missive Monday, Bankman-Fried’s lawyers asked Judge Lewis Kaplan for support to question Gary Wang connected the engagement of attorneys successful structuring loans from Bankman-Fried’s trading steadfast Alameda Research to Wang personally. The defence argues the indebtedness details are applicable to rebutting national charges that Bankman-Fried tried to conceal the root of funds done wealth laundering.
Wang, FTX’s co-founder and erstwhile main exertion officer, testified past week that either Bankman-Fried oregon lawyers astatine the institution presented him with indebtedness paperwork to sign. Questioning connected the lawyers’ relation would enactment Bankman-Fried’s assertion helium acted successful bully faith, his attorneys said.
A docket introduction indicates the justice denied the grounds request, apt due to the fact that Wang had already completed his testimony.
Prosecutors filed their ain missive Monday seeking to artifact the instauration of the existent worth of Bankman-Fried’s concern involvement successful artificial quality startup Anthropic, which has grown substantially since helium invested past year. They reason it could improperly suggest victims whitethorn beryllium repaid.
Anthropic is the creator of ChatGPT rival Claude, which has received billions in investments from Google and Amazon this month, totaling astir $6 billion.
Bankman-Fried’s squad contends successful effect that the grounds rebuts prosecution claims his investments were risky oregon losing money. His attorneys agreed to a limiting assemblage acquisition connected the intent of the testimony.
“To the grade the Court has concerns that grounds concerning Anthropic’s existent worth whitethorn improperly suggest that customers, lenders, and investors would beryllium repaid, the defence has nary objection to the Court providing an due limiting instruction.
In different petition Tuesday, the defence asked to cross-examine Caroline Ellison connected attorneys’ engagement successful mounting auto-deletion policies for messages astatine FTX and Alameda. This could rebut allegations that Bankman-Fried sought to conceal wrongdoing, they said.
The station SBF looks to Anthropic concern arsenic Judge denies transverse introspection of Gary Wang appeared archetypal connected CryptoSlate.
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