Unchained
SBF Trial, Day 16: In Final Cross Examination, SBF Gets Caught Again by His Own Words
Nov 1, 2023
The courtroom drama heats up as prosecutors relentlessly challenge Sam Bankman-Fried's credibility. They expose his surprising ignorance about the $8 billion misused by Alameda, questioning his lack of action as CEO. Tensions rise as he admits he never blocked employees from spending customer funds. The prosecution also hints at his questionable ties with Bahamian officials, leading to more scrutiny. As both sides rest their cases, the stage is set for gripping closing arguments that could change everything.
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Quick takeaways
- The cross-examination revealed suspicious relationships between Sam Bankman-Freed and Bahamian officials, raising doubts about his credibility.
- Prosecutor Danielle Sassoon focused on Bankman-Freed's misleading tweets, indicating he knew about using FTX customer money.
Deep dives
Cross-Examination Reveals Suspicious Relationships and Financial Mismanagement
The cross-examination of former FTX CEO, Sam Bankman Freed, in the SPF trial revealed suspicious relationships between Bankman Freed and Bahamian officials. Assistant US attorney, Danielle Sassoon, questioned Bankman Freed about his close relationship with Bahamian officials, including proposing to pay off the country's national debt and offering a job to the Prime Minister's son. The cross-examination also highlighted financial mismanagement, with Bankman Freed admitting that FTX customer funds were used and that he did not take sufficient measures to separate customer funds from company assets. Sassoon raised doubts about Bankman Freed's credibility, pointing out inconsistencies in his testimony.
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