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 regulation agency Cahill Gordon and Reindel, says he thinks Bankman-Fried would seemingly solely make issues worse for himself by testifying.
Says Enzer,
“[What] I might say to him is: ‘we’re going to lose, we’re not successful this trial, now we have to consider sentencing. When you testify, you will add many years to your sentence, you’re not going to alter the result and the choose will discover, along with being responsible, that you just 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 may very well be a determined hail mary try and decrease his sentence or be acquitted.
“Now I do assume 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 executed sufficient to punch holes within the authorities’s case. The one strategy to give the jury a competing concept could be for him to testify, however I believe even when he testified there’s simply an excessive amount of going in opposition to 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 imagine that he’ll wish to testify. And finally, 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 capable of 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 kind of imagine that they’ve this capability to persuade folks every time they wish to. I believe that’s kind 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 imagine that he can persuade those who he was you realize possibly not as concerned as as is being portrayed within the authorities’s case proper now. However I believe it will 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 fees, the previous FTX government faces many years behind bars.
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