FTX’s Bars Sam Bankman-Fried Cannot Blame Lawyers: Judge

FTX founder Sam Bankman-Fried’s trial begins, with restrictions on blaming lawyers while the DOJ seeks trial defense details & jury selection starts this week.
FTX's Bars Sam Bankman-Fried Cannot Blame Lawyers Judge
FTX’s Bars Sam Bankman-Fried Cannot Blame Lawyers Judge

Sam Bankman-Fried, the creator of FTX, will be on trial on Tuesday. But the judge has decided that he cannot accuse the attorneys for FTX of being at fault for his claimed impropriety in his opening statement.

The judge explained that if Bankman-Fried said too much about how FTX’s lawyers influenced the company’s actions, it might confuse or sway the jury against him.

Sam Bankman-Fried’s attorneys announced in August that they intend to argue in court that he got legal guidance on a number of issues, including automated data deletion procedures and loans to FTX and Alameda.

In an August court filing, Bankman-Fried’s legal team declared their intention to produce evidence demonstrating that attorneys from Fenwick & West LLP and the business’ internal legal team participated in the review and approval of particular decisions.

The Department of Justice has responded by asserting that the defendant should be given more details about their trial defense plan. If this is not possible, they ask the court to limit specific types of inquiries, evidence, and arguments that do not directly relate to the issue.

Beginning on Tuesday, the jury selection procedure for Bankman-Fried’s trial could take the rest of the week to complete.

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