On October 9, Thane Rehn, an associate prosecutor, submitted a motion asking Judge Lewis A. Kaplan to bar Bankman-Fried from mentioning Anthropic during his trial.
Bankman-Fried is an investor in the AI business Anthropic. According to recent media rumors, the company would get billions of dollars in capital from Google, just weeks after announcing a comparable investment from Amazon. This news has encouraged many FTX creditors to expect a large financial recovery.
Rehn cited a prior instance in which Jude Kalpan had said, “It is immaterial as a matter of law whether the defendant [Bankman-Fried] intended to repay the misappropriated funds,” and argued in his filing that “such evidence would therefore be wholly irrelevant, and present a substantial danger of unfair prejudice, confusing the issues, misleading the jury, undue delay, and waste of time.”
Rehen clarified that venture capital investments are speculative and provided a well-known illustration. According to the petition, FTX has raised comparable venture capital investments at valuations of roughly $18 billion in 2021 and $32 billion in 2022, however FTX shares are worthless right now.
No answer has been submitted by the defense. On Tuesday, Caroline Ellison, a former CEO of Alameda Research, may testify in the SBF trial for the first time after being cross-examined by Gary Wang, a co-founder of Alameda Research and FTX.
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