SBF TRIAL: Inside Sam Bankman-Fried's Trial Defense Episode 2

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4.7 • 698 Ratings

🗓️ 27 September 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the first episode of Coinage’s investigation into SBF’s upcoming defense, we looked at SBF's right-hand woman: Caroline Ellison. She is one of three FTX executives who have pleaded guilty, along with Gary Wang and Nishad Singh. This episode explores SBF’s claim that a fourth conspirator played an even larger role in FTX’s collapse: FTX’s legal partners at major law firms Fenwick & West and Sullivan & Cromwell. It’s a lofty claim, and no doubt one that will be heavily scrutinized from all sides in the courtroom, but it’s also not without support – even from 18 state regulators and a bipartisan group of senators, who wrote, “given their long standing legal work for FTX, they may well bear a measure of responsibility for the damage wrecked on the company’s victims.” Sullivan & Cromwell is now leading FTX’s bankruptcy process and is set to rake in nearly $800 million in legal fees over the next two years. SBF claims that money is being drained from customers, but what do they think? You can read and watch Coinage’s full reporting on SBF’s legal defense at Coinage.Media. Watch our full trial coverage at https://www.coinage.media/sbf-trial Read the full Coinage Article Sign up for the daily CoinDesk SBF Trial Newsletter Credits: Wondercraft AI Voice, Coinage and CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:53.2	You're listening to the SBF Defence on the Coin Desk Podcast Network.
0:57.1	This show is produced by coinage and distributed by Coin Desk.
1:00.4	Be sure to follow the Coin Desk podcast network for all of our shows and head to Coindex.com for all our Sam Bankman-Fried coverage.
1:06.8	Thanks for listening.
1:10.6	The most important thing is, you know, just because a lawyer tells you something is okay, that's not a defense.
1:16.8	Jesus, he said it, seemed to think everything was okay.
1:19.8	Yeah.
1:20.3	That's not an advice of counsel defense that negates criminal intent.
1:25.0	That's an excuse.
1:37.3	In part two of our series digging into SBF's defense, we dissect Sam Bankman-Freed's claims that his lawyers played a larger role in FTCS's collapse than he did. It might sound like a
1:42.3	stretch, but there is legal precedent behind it.
1:45.5	SPF also says he was pressured by counsel into turning FTCS over to their handpick successor.
	...

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