Against the Rules with Michael Lewis
On Background: Preparing for Sam Bankman-Fried's Trial
Sep 12, 2023
Rebecca Mermelstein, a former prosecutor turned defense attorney, shares her insights on the impending trial of Sam Bankman-Fried, the ex-CEO of FTX. She discusses the challenges prosecutors face building their case, the rapid legal actions taken against bank fraud in the crypto world, and the ethical responsibilities tied to such high-profile trials. Mermelstein also highlights the complexity of trial preparations, including defense strategies and the potential ramifications for Bankman-Fried's future, offering a captivating glimpse into the legal intricacies surrounding this case.
30:29
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Quick takeaways
- The defense team may advise Sam Bankman-Fried against testifying at trial due to the risks of presenting an alternative narrative that may not hold up against the government's case.
- Considering a plea deal may be the most strategic option for Sam Bankman-Fried, as a potential conviction could result in a lengthy sentence and a plea agreement may offer a chance for a future outside of prison.
Deep dives
Summary of Podcast Episode: Going Infinite: The Rise and Fall of a New Tycoon
Michael Lewis introduces his upcoming book, Going Infinite: The Rise and Fall of a New Tycoon, which delves into the story of Sam Bankman-Freed and his crypto exchange FTX. Lewis shares some details about the book's title, release date, and the intriguing jacket copy. The book aims to uncover who Bankman-Freed is, what drove him, and the implications of his rise and fall for society at large.
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