Former FTX CEO Sam Bankman-Fried is expected to take the stand as early as Thursday and offer testimony in his own defense in his trial on federal fraud and conspiracy charges.
The trial of Sam Bankman-Fried is set to resume with the former head of the FTX crypto empire poised to take the stand as early as Thursday as he seeks to fend off federal fraud charges. At a teleconference held Wednesday by Judge Lewis Kaplan, who is presiding over the trial in the Manhattan federal court, the government indicated it expects to wrap up its prosecution of Bankman-Fried around 10 a.m. on Thursday.
"People don’t understand crypto as it is and I think the prosecution is going to need to highlight for the jury both in their cross-examination and in their closing eventually that he actually hurt people, that this wasn’t a victimless crime," Rigden said. "This wasn’t just a bunch of frivolous rich people who were investing in this and it went belly up and it didn’t really matter whether they were able to ever recoup their money.
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Former FTX CEO Sam Bankman-Fried to take the stand in own fraud trialEden Villalovas is a breaking news reporter. Eden graduated from the University of Colorado, Boulder, in May 2022, where she served as the managing editor of the Bold.
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Sam Bankman-Fried could take stand at fraud trial over FTX collapseSam Bankman-Fried could take the stand at his fraud trial as soon as Thursday, when prosecutors are set to finish presenting their case accusing the founder of now-bankrupt cryptocurrency exchange FTX of stealing billions of dollars from customers.
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Former FTX CEO Sam Bankman-Fried will take the stand on ThursdaySam Bankman-Fried, the disgraced former CEO of the FTX crypto exchange, is expected to take the stand on Thursday, defense lawyers say.
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FTX founder Sam Bankman-Fried set to testify in his fraud trialDisgraced FTX founder Sam Bankman-Fried is expected to take the stand in the former crypto boss's criminal trial as early as Thursday, his attorneys revealed.
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Sam Bankman-Fried Will Testify in FTX Trial—and Legal Experts Are AghastThe former crypto billionaire seems to be facing an uphill battle in court. He’s betting that his testimony will change things.
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Sam Bankman-Fried to testify in FTX fraud trial, attorney saysFTX founder Sam Bankman-Fried will take the stand to testify in his own defense, his attorney said in a conference call Wednesday. The decision by his legal…
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