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, accomplice at legislation agency Cahill Gordon and Reindel, says he thinks Bankman-Fried would seemingly solely make issues worse for himself by testifying.
“[What] I might say to him is: ‘we’re going to lose, we’re not successful this trial, now we have to consider sentencing. In case you testify, you’ll add a long time to your sentence, you’re not going to alter the result and the choose will discover, along with being responsible, that you simply not solely didn’t settle for duty however you tried to commit perjury and this can be a choose who will actually slam you for that. It’s a mistake.’”
However, Enzer additionally thinks that testifying is Bankman-Fried’s solely shot at acquittal – and might be a determined hail mary try to decrease his sentence or be acquitted.
“Now I do suppose his solely shot of an acquittal is to testify. The proof is simply too overwhelming so far as I can inform… And the crosses have simply not accomplished sufficient to punch holes within the authorities’s case. The one solution to give the jury a competing principle could be for him to testify, however I believe even when he testified there’s simply an excessive amount of going towards him, there’s an excessive amount of headwind and so I might say don’t do it.”
Greg Sturdy, accomplice at DLx Regulation, goes on to echo Enzer’s ideas.
“I might agree with that. I believe it’s going to be sophisticated by the truth that I strongly consider that he’ll wish to testify. And in the end, 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 in a position to 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 form of consider that they’ve this skill to persuade folks each time they wish to. I believe that’s form of going to play into this query of whether or not or not he’ll testify, and that’s why I believe he’ll wish to testify as a result of I believe he’ll consider that he can persuade those who he was you realize perhaps not as concerned as as is being portrayed within the authorities’s case proper now. However I believe it could 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 expenses, the previous FTX govt faces a long time behind bars.
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