NewsletterBreaking: SBF Lawyers Seek To Probe All Witnesses After Caroline Ellison’s Testimony
Sam Bankman-Fried attorneys sent a letter on late October 12 to Judge Lewis A. Kaplan seeking to cross-examine every witness after former Alameda CEO Caroline Ellison.
According to a court filing on October 12, Sam Bankman-Fried attorneys submits letter motion in limine to address evidence-related issues. SBF’s attorneys allege these issues have emerged in the trial and are likely to occur again with witnesses testifying after Caroline Ellison. Testimony by Ellison has revealed internal working and transactions between FTX and Alameda, as well as Sam Bankman-Fried’s thinking about peers and use of customer funds.
“We would seek to elicit testimony from witnesses regarding (1) facts relevant to the nature of the relationship between FTX and its customers, and (2) the materiality of alleged misrepresentations or omissions.”
The defense is not seeking a ruling until Caroline Ellison completely finishes her testimony. They also request the court to not limit them in cross-examination of witnesses. Judge has “denied as moot” the defense’s request to cross-examine former FTX CTO Gary Wang and Caroline Ellison claiming that the issue of counsel involvement in loan structuring is no longer relevant and too much time has passed.
Sam Bankman-Fried’s lawyers asked the judge to preclude prosecutors from eliciting similar expert testimony from lay witnesses. They think it presents the jury with evidence lacking supporting facts and unreliable data.
Read More: Sam Bankman-Fried Requests Clarification And Reconsideration From Court
Caroline Ellison’s Testimony Uncovers Hidden Facts
Caroline Ellison’s testimony on the second day highlighted hidden facts about Sam Bankman-Fried’s behavior and illicit transactions. According to a recording played at the court, Caroline Ellison told her staff that Sam Bankman-Fried authorized to repay Alameda loans with FTX customer money.
She noted that she did not commit these frauds at her own prerogative, as she was directed to do so by Sam Bankman-Fried.
Also Read:
- US SEC And Binance Submit Joint Status Report
- Terraform Labs Reveal Who Was Behind the UST Depeg and $40 Billion Collapse
- SBF Trial: Caroline Ellison’s Cross-Examination Beams Spotlight on Alameda Rival Modulo
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