Bankman-Fried was charged with seven counts of wire fraud, securities fraud and money laundering after his crypto exchange, FTX, and hedge fund, Alameda Research, collapsed.
Defense tried to downplay prosecution’s intent argument. Seeing how literally everyone turned on him for a reduced sentence plea, it went horrible for the guy. Like a fucking sub full of billionaires, the goddamn thing went completely tits up on him at alarming rates faster than Chuck Yeager could have wildly imagined. Shit show greatly downplays the absolute cluster that was that trial’s defense. I have seen more organized effort from a President in bronzer, screen passing paper towels to hurricane victims than what was being reported as the argument defense was putting up.
Then, for who knows what reason, the guy decided to testify in his own trial. I’m guessing that at some point they were like “Fuck it, can’t get anymore guilty as fuck, let’s go for the Hail Mary!” Because no defense lawyer would ever advise that, but motions hands in a general direction as if presenting something. The jury got a real rare treat of watching a Federal Prosecutor skillfully remove the vital organs of a man with his own words.
Like I would quip that maybe he [Sam Bankman-Fried] learned something from that mistake, but the dexterity by which prosecution so smoothly diced Bankman-Fried into chum in front of the Judge, Jury, and the Almighty, I highly doubt the signals for “HOLY FUCKING SHIT WHAT HAVE I DONE!! ABORT ABORT!!” ever made it to the receptors in that brain of Bankman-Fried’s.
So I honestly think at some point the strategy went from “cast doubt on the intent” to something along the lines of “Just don’t piss your pants in front of everyone! Well just catch it back on the sentencing!! OKAY?!”
Another article I read looking at things from his parent’s pov, thinks he likes to gamble, and there was a small chance he could walk free like OJ and despite that chance being so small he went for it.
Usually people take the deal to plead guilty to save family and friends the ordeal of testifying in court. He seemed to not care about this.
As with most parents they often think their child is innocence and still the 3 year old they once knew. The article covered how that has been shattered now without a doubt after this case. The appeals should be interesting and where they have left to go after this sh8tshow from the defense. The father might be pulled further into this next…
His Hail Mary defense at the end was basically “I didn’t have proper risk management roles staffed and I made rookie mistakes.”
AKA: his defense was playing dumb. It didn’t work. Too many people testified against him from the inside and said that he did all this shit intentionally.
Anyone know what his defence was?
There was a trial so some attorney had to make a case that SBF wasn’t guilty of fraud. Curious what the strategy was.
Defense tried to downplay prosecution’s intent argument. Seeing how literally everyone turned on him for a reduced sentence plea, it went horrible for the guy. Like a fucking sub full of billionaires, the goddamn thing went completely tits up on him at alarming rates faster than Chuck Yeager could have wildly imagined. Shit show greatly downplays the absolute cluster that was that trial’s defense. I have seen more organized effort from a President in bronzer, screen passing paper towels to hurricane victims than what was being reported as the argument defense was putting up.
Then, for who knows what reason, the guy decided to testify in his own trial. I’m guessing that at some point they were like “Fuck it, can’t get anymore guilty as fuck, let’s go for the Hail Mary!” Because no defense lawyer would ever advise that, but motions hands in a general direction as if presenting something. The jury got a real rare treat of watching a Federal Prosecutor skillfully remove the vital organs of a man with his own words.
Like I would quip that maybe he [Sam Bankman-Fried] learned something from that mistake, but the dexterity by which prosecution so smoothly diced Bankman-Fried into chum in front of the Judge, Jury, and the Almighty, I highly doubt the signals for “HOLY FUCKING SHIT WHAT HAVE I DONE!! ABORT ABORT!!” ever made it to the receptors in that brain of Bankman-Fried’s.
So I honestly think at some point the strategy went from “cast doubt on the intent” to something along the lines of “Just don’t piss your pants in front of everyone! Well just catch it back on the sentencing!! OKAY?!”
I saw a great line in an article earlier that described it as “she simply unhinged her jaw and ate Bankman-Fried”.
What a beautiful response and hilariously brilliant choice of words! I love this comment!
If your client is actually innocent, there’s a place for getting on the stand with righteous indignance. But… That was clearly not the case here.
Is there anywhere we can watch or listen to this? That sounds amazing.
This is the best comment I’ve read on lemmy!
Another article I read looking at things from his parent’s pov, thinks he likes to gamble, and there was a small chance he could walk free like OJ and despite that chance being so small he went for it.
Usually people take the deal to plead guilty to save family and friends the ordeal of testifying in court. He seemed to not care about this.
As with most parents they often think their child is innocence and still the 3 year old they once knew. The article covered how that has been shattered now without a doubt after this case. The appeals should be interesting and where they have left to go after this sh8tshow from the defense. The father might be pulled further into this next…
His Hail Mary defense at the end was basically “I didn’t have proper risk management roles staffed and I made rookie mistakes.”
AKA: his defense was playing dumb. It didn’t work. Too many people testified against him from the inside and said that he did all this shit intentionally.
His defense amounted to: