Against the Rules with Michael Lewis cover image

Against the Rules with Michael Lewis

Judging Sam: The Hail Mary That Wasn’t

Nov 1, 2023
The podcast discusses the final day of the trial of Sam Bankman-Fried, including the prosecution's cross-examination, the defense's redirect, and both sides resting. It explores the anticipation and anxiety surrounding the trial, reflects on insights from a memo shedding light on financial transactions, and examines the issue of stolen money. The chapter also delves into the concept of taking risks, analyzes Sam Bankman-Fried's demeanor, and concludes with farewells, promises of further analysis, and acknowledgements.
24:22

Podcast summary created with Snipd AI

Quick takeaways

  • Sam Bankman-Fried employed evasive responses and a lack of memorable recollections during his testimony, frustrating both sides in presenting their case.
  • Sam Bankman-Fried's ambitious nature and desire for grandiose success potentially drove his decisions, despite already experiencing significant success.

Deep dives

Important details of the trial and witness testimonies

During the trial, the prosecution finished questioning Sam Bankman Freed, who often claimed he didn't remember important details. The defense followed up with a redirect, and both sides rested. The day concluded with a charging conference, in which lawyers and the judge discussed instructions to the jury about each charge. The defense disagreed with the inclusion of the clause regarding conscious avoidance. The podcast host and his guest discussed the strategy adopted by Sam during his testimony, noting his evasive responses and lack of memorable recollections. They also highlighted the frustration of both sides trying to make their case and the possibility of a second trial involving American politicians.

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