Dis gon’ be good!
FTX: 'King of Crypto' to testify in fraud case
Submitted 11 months ago by bernieecclestoned@sh.itjust.works to technology@lemmy.world
https://www.bbc.co.uk/news/business-67221161
Comments
deegeese@sopuli.xyz 11 months ago
scarabic@lemmy.world 11 months ago
He used to wear an insane fro and slovenly clothes so people would think he was a genius. Now he wears suits hoping people will think he’s not a criminal.
autotldr@lemmings.world [bot] 11 months ago
This is the best summary I could come up with:
“If the jury does not believe him, it’s a guaranteed conviction,” Jacob Frenkel, a former federal prosecutor who has been following the trial told the BBC earlier this month.
Many analysts following this case, however, had expected the former entrepreneur to take the stand to try to offer his own version of events and undermine the story presented by prosecutors.
They have tied Mr Bankman-Fried to decisions to take money deposited at FTX and use it to repay lenders at his crypto trading firm, Alameda Research.
The former entrepreneur, who has been willing to speak publicly in the past, seems to have little to lose by testifying given the strength of the prosecutors’ case so far, said Carl Tobias, a law professor at the University of Richmond.
The founder of blood-testing start-up Theranos, who argued that she did not intend to defraud investors, was ultimately convicted of four out of 11 counts and sentenced to more than 11 years in prison.
Tom Barrack, a former private equity executive and fundraiser for former President Donald Trump, and Lebanese businessman Jean Boustani, both took to the stand in separate, unrelated criminal cases and were acquitted.
The original article contains 428 words, the summary contains 193 words. Saved 55%. I’m a bot and I’m open source!
slurpeesoforion@startrek.website 11 months ago
He thinks he’s going to talk his way out of it. How cute.
Voroxpete@sh.itjust.works 11 months ago
He’s already tried to tweet his way out of it, blog his way out of it, witness tamper his way out of it, and talk to the press his way out of it.
I guarantee he’s been begging to take the stand since the moment he first sat down with his lawyers.
This is what a life devoid of consequences does to a motherfucker.
cheese_greater@lemmy.world 11 months ago
How “great” would that be if he actually pulled it off lol.
SMillerNL@lemmy.world 11 months ago
You won’t talk your way out of that one
gnate@lemmy.world 11 months ago
I support this strategy.