The former crypto billionaire seems to be facing an uphill battle in court. He’s betting that his testimony will change things.
was indicted on fraud charges, he positioned himself as a global change agent, pouring billions of dollars into pandemic research, political campaigns, and cutting-edge technology firms.threw him under the busOn Wednesday, the former crypto billionaire’s attorneys announced that he will testify in his defense, perhaps as soon as Thursday. Several legal experts told The Daily Beast the idea is a massive gamble that could potentially seal his fate and send him to prison for the rest of his life.
Rahmani added that he is not surprised by Bankman-Fried’s decision, since he was outspoken on social media while he was being investigated last year, “probably in spite of his lawyers’ advice.” Robert Mintz, a white-collar defense attorney in New Jersey, said that a defendant’s decision to testify “is often viewed as somewhat of a Hail Mary defense strategy.”
Mintz said that defendants are often tempted to tell their side directly to jurors, particularly if they see themselves as persuasive public speakers. Bankman-Fried would certainly fit that bill.
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