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Sam Bankman-Fried’s trial has entered its 3rd day, because the FTX founder is going through seven other fees of twine fraud and cash laundering. After jury variety ended on day 2, each side outfitted with key witnesses to give their case.
Senior District Pass judgement on Lewis A. Kaplan is presiding over the case, and Assistant U.S. Legal professional Nicolas Roos is main the prosecution. The protection is being led by way of Mark Cohen.
Thus far, 3 witnesses had been wondered and cross-examined. Alternatively, greater than 22 key witnesses are set to seem right through this trial, and a few of them are shut buddies and co-workers of Bankman-Fried.
Let’s take a temporary have a look at who those witnesses are and the way they’re associated with this ancient trial.
Adam Yedidia
A detailed faculty buddy of Sam Bankman-Fried from their MIT days, Adam Yedidia took roles at each FTX and Alameda Analysis. Yedidia has been granted immunity by way of prosecutors, signaling his most probably significance as a witness within the unfolding case.
Yedidia is lately attesting within the trial. He was once subpoenaed by way of the courtroom to testify. Listed below are some key issues from his testimony:
- Yedidia knew that some FTX price range went to Alameda, however he idea Alameda was once simply protecting the cash.
- Yedidia discussed that he didn’t know anything else about Alameda spending FTX’s cash.
- FTX’s device confirmed that Alameda has $8 billion in debt, and Sam instructed Yedidia it was once an error.
- Yedidia first of all sought after to mention after FTX declared chapter, however right away resigned when he discovered Alameda was once the use of buyer price range to pay its loans.
Alfred Lin
A spouse at challenge capital company Sequoia, Alfred Lin had indicated in June that Sequoia “would most likely have made the funding” in FTX once more. He additionally knew a pal of SBF’s oldsters, giving him a twin vantage level on each the private {and professional} sides of the case.
Caroline Ellison
Former female friend of SBF and a prior CEO of Alameda Analysis, Caroline Ellison has pleaded in charge to fraud as a part of a cooperation settlement with prosecutors. Her intimate wisdom of each SBF and Alameda’s operations makes her a the most important witness.
Constance Wang
Constance Wang, former COO of FTX, is understood for containing events at her bungalow within the Bahamas. Wang’s high-ranking place inside the corporate most probably method she has intricate wisdom of its operations.
Gary Wang
Co-founder of each Alameda Analysis and FTX, Gary Wang knew SBF from MIT and a math camp they each attended. Wang pleaded in charge along Caroline Ellison in December, suggesting he would offer pivotal testimony.
Wang is lately attesting as of late, and he has admitted to doing fraud whilst operating at FTX.
“AUSA: Did you dedicate crimes at FTX?
Gary Wang: Sure. With Nishad Singh, Caroline Ellison and Sam Bankman-Fried.”
Caroline Papadopoulos
The previous director of finance at FTX.US, Caroline Papadopoulos would have had oversight on monetary issues associated with the U.S. arm of FTX and thus may supply key proof on any illicit monetary actions.
Mark Wetjen
Mark Wetjen oversaw coverage at FTX.US. His function implies an working out of the regulatory panorama and inner compliance, which may well be vital in a case involving monetary fraud.
Matt Huang
Matt Huang, who co-founded crypto VC company Paradigm after leaving Sequoia, invested $278 million in FTX. His funding insights may just be offering a point of view at the corporate’s valuation and strategic selections.
Nishad Singh
Former head of engineering at FTX, Nishad Singh, allegedly created code permitting Alameda Analysis to divert buyer price range from FTX. Singh has pleaded in charge.
Different key witnesses
As well as, Ramnik Arora and Ryne Miller also are set to testify, who every possess deep insights into FTX’s monetary methods and prison framework, probably serving as cornerstones in working out the alleged fraud.
Zac Prince, CEO of the now-bankrupt BlockFi, may just additionally supply a lens into the wider marketplace have an effect on of FTX’s cave in. Ryan Salame, a key determine in FTX’s Bahamas operations, and Anthony Scaramucci, a political determine grew to become investor, every hang distinctive views on SBF’s industry and fundraising efforts.
Members of the family Barbara and Joseph Bankman, each prison students, together with Sam’s more youthful brother Gabriel Bankman-Fried, might be offering nuanced testimony on behalf of the defendant about each non-public and philanthropic sides of SBF’s lifestyles. Michael Kives, embroiled in prison battles with the FTX property, and Samuel Trabucco, a former co-CEO at Alameda Analysis, would possibly be offering unique insights into SBF’s industry family members and the operational complexities of Alameda and FTX.
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