A pair of attorneys 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, companion at regulation agency Cahill Gordon and Reindel, says he thinks Bankman-Fried would possible solely make issues worse for himself by testifying.
Says Enzer,
“[What] I’d say to him is: ‘we’re going to lose, we’re not profitable this trial, now we have to consider sentencing. If you happen to testify, you will add a long time to your sentence, you’re not going to vary the end result and the choose will discover, along with being responsible, that you just not solely didn’t settle for accountability however you tried to commit perjury and it is a choose who will actually slam you for that. It’s a mistake.’”
Then again, Enzer additionally thinks that testifying is Bankman-Fried’s solely shot at acquittal – and might be a determined hail mary try to decrease his sentence or be acquitted.
“Now I do suppose his solely shot of an acquittal is to testify. The proof is just too overwhelming so far as I can inform… And the crosses have simply not finished sufficient to punch holes within the authorities’s case. The one technique to give the jury a competing principle could be for him to testify, however I feel 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’d say don’t do it.”
Greg Robust, companion at DLx Legislation, goes on to echo Enzer’s ideas.
“I’d agree with that. I feel it’s going to be sophisticated by the truth that I strongly imagine that he’ll wish to testify. And in the end, it’s his name so he has to take the recommendation of his attorneys. However simply stepping again, my expertise with individuals who have been in a position to 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 a protracted time frame, they type of imagine that they’ve this skill to persuade individuals at any time when they wish to. I feel that’s type of going to play into this query of whether or not or not he’ll testify, and that’s why I feel he’ll wish to testify as a result of I feel he’ll imagine that he can persuade those that he was you understand perhaps not as concerned as as is being portrayed within the authorities’s case proper now. However I feel 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 prices, the previous FTX govt faces a long time behind bars.
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