A pair of legal professionals unaffiliated with Sam Bankman-Fried or FTX are weighing in on the potential of the previous CEO testifying throughout his ongoing trial.
In a brand new interview with Laura Shin on the Unchained Podcast, Sam Enzer, companion at regulation agency Cahill Gordon and Reindel, says he thinks Bankman-Fried would possible solely make issues worse for himself by testifying.
“[What] I might say to him is: ‘we’re going to lose, we’re not profitable this trial, we’ve to consider sentencing. If you happen to testify, you’re going to add a long time to your sentence, you’re not going to vary the end result and the choose will discover, along with being responsible, that you simply not solely didn’t settle for accountability however you tried to commit perjury and this can be a choose who will actually slam you for that. It’s a mistake.’”
Alternatively, Enzer additionally thinks that testifying is Bankman-Fried’s solely shot at acquittal – and could possibly be a determined hail mary try and decrease his sentence or be acquitted.
“Now I do suppose his solely shot of an acquittal is to testify. The proof is just too overwhelming so far as I can inform… And the crosses have simply not finished sufficient to punch holes within the authorities’s case. The one solution to give the jury a competing principle can be for him to testify, however I feel even when he testified there’s simply an excessive amount of going in opposition to him, there’s an excessive amount of headwind and so I might say don’t do it.”
Greg Robust, companion at DLx Regulation, goes on to echo Enzer’s ideas.
“I might agree with that. I feel it’s going to be difficult by the truth that I strongly imagine that he’ll need to testify. And finally, it’s his name so he has to take the recommendation of his legal professionals. However simply stepping again, my expertise with individuals who have been capable of accomplish widescale monetary fraud, is that they do it as a result of they are often very convincing.
And if they’re very convincing to lots of people over an extended time frame, they type of imagine that they’ve this capability to persuade folks at any time when they need to. I feel that’s type of going to play into this query of whether or not or not he’ll testify, and that’s why I feel he’ll need to testify as a result of I feel he’ll imagine that he can persuade those who he was you recognize possibly not as concerned as as is being portrayed within the authorities’s case proper now. However I feel it will be a mistake.”
Final week, the previous head of Alameda Analysis and Bankman-Fried’s ex-girlfriend, Caroline Ellison, testified that she was directed by the defendant to commit a number of crimes. If convicted of his fees, the previous FTX government faces a long time behind bars.
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