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CoinDesk Podcast Network

SBF TRIAL: Inside Sam Bankman-Fried's Trial Defense Episode 4

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7698 Ratings

🗓️ 29 September 2023

⏱️ 49 minutes

🧾️ Download transcript

Summary

FTX founder Sam Bankman-Fried is a lot of things — but he’s not Bernie Madoff. It's an important distinction, and one that will have to land with the jury at trial if SBF's legal team is going to have a chance at defending against the seven charges he's facing. The good news: Even Bernie Madoff's former prosecutor, Marc Litt, knows this case isn't a repeat of the multibillion-dollar fraud perpetrated by America's most infamous fraudster. The bad news: Fraud is still fraud. "The case isn't about cryptocurrency — it's about, again, representations made and not kept. It's about taking money from one pocket and using it for purposes of another company in another pocket without the investor knowing that, and with taking efforts to conceal that. That's not hard for a jury to understand," Litt said. In the fourth episode of our investigation into the SBF’s upcoming trial defense, we dig into how Sam Bankman-Fried could walk free.  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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0:00.0

You're listening to the SBF defense on the Coin Desk Podcast Network.

0:07.4

This show is produced by Coinage and distributed by Coin Desk.

0:10.4

Be sure to follow the Coin Desk podcast network for all of our shows and head to CoinDesk.com

0:14.7

for all our Sam Bankman-Fried coverage.

0:17.1

Thanks for listening.

0:21.1

I'm Coinage host Zach Guzman.

0:23.7

And I'm Zach Abrams, headwriter.

0:25.5

And we've spent the last few weeks digging through thousands of documents digging into

0:32.0

SBF's proposed defense and lawsuits against not just FTCS Abrams, but also Binance. Also Binance. Also, the debtors

0:42.2

reports, affidavits from lawyers. There's truly so much documentation in this case. This is all

0:49.6

pretrial, whereas we've been seeing in all these documents, the defense and the prosecution are

0:55.2

fighting over millions and millions of documents that are going to be the core of this case

0:59.5

from FTX's Google Drive. It's one of the most document heavy cases, I believe, the legal

1:06.7

system has ever seen, according to some reports. And it's also even separate from the bankruptcy that FTCS is going through, which also

1:14.2

we've been digging through those.

1:16.0

So it's document hell we've been in for the last, I don't know, more than a month now at this

1:20.4

point.

1:21.2

And, you know, it's been interesting because as we prepare for what's going to happen in

1:26.7

SBF's trial, as you said, there's also this kind of

1:30.0

pre-show going on in terms of the back and forth between the defense and prosecution around

1:35.3

what can be allowed at trial. And also, I guess, the way that the media has been covering it

1:40.4

with us and how Coinage has done this a little bit differently is, you know,

...

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