Breaking: Judge Denies Cross-Examination Of Gary Wang And Caroline Ellison By SBF Lawyers
Sam Bankman-Fried’s defense team is continuously seeking requests to cross-examine former FTX CTO Gary Wang and Caroline Ellison, which is turned down by Judge. In the latest development, Judge Kaplan has denied the defense’s request to cross-examine Wang regarding FTX lawyers’ involvement in structuring loans by Alameda Research.
Judge Orders “Denying As Moot” To Cross-Examination of Gary Wang
In a court filing late October 10, Judge Lewis A. Kaplan denied the request of Sam Bankman-Fried’s attorneys to elicit on cross-examination of former FTX chief technology officer Gary Wang evidence regarding the involvement of counsel in structuring the loans issued by Alameda Research.
The order came after a filing by Sam Bankman-Fried’s lawyers to cross-examine former Alameda Research CEO Caroline Ellison on the same arguments. The defense anticipates prosecutors will seek to elicit from Caroline Ellison that she was directed by Sam Bankman-Fried to set aut0-deletion on certain of her Signal and Slack messaging accounts. However, SBF lawyers assert the involvement of Alameda or FTX lawyers shows good faith and lack of criminal intent.
“The Government has elicited and may continue to elicit testimony on the use of auto-deletion policies at Alameda and FTX, we respectfully request that the Court allow the defense to elicit the above-referenced evidence in its cross-examination of Ms. Ellison.”
Judge Kaplan believes the issue is no longer relevant and too much time has passed as he ordered “denying by moot” to cross-examination of Gary Wang. He is likely to deny the request by SBF’s lawyers to cross-examine Caroline Ellison for the same reason.
Also Read: US SEC Gets Multiple Amicus Curiae Against Coinbase And Ripple
Caroline Ellison Blamed Sam Bankman-Fried
Caroline Ellison has pleaded guilty and cooperates with the investigators. However, she noted that she did not commit these frauds at her own prerogative, as she was directed to do so by Sam Bankman-Fried. She also pointed out that SBF made decisions on both FTX and Alameda’s operations and had access to both companies’ accounts.
She further added that SBF knew about the risks at Alameda and still decided to use billions of dollars in customer funds toward risky investments.
Also Read: JPMorgan Debuts Tokenized Collateral Network In BlackRock-Barclays Trade
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Trump Says Meeting with China May Not Happen, Bitcoin Drops
- The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013
- Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill
- Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
