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CoinDesk Podcast Network

SBF TRIAL PODCAST: 09/19 Update

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 19 September 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Sam Bankman-Fried is just two weeks away from beginning the trial that will determine his future. SBF will have to convince a jury of his innocence on eight separate charges to avoid serving serious time in federal prison.


Link to story: The SBF Trial: How Did We Get Here?

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Credits:  Nikhilesh De, Danny Nelson, Marc Hochstein, Nick Baker and Wondercraft AI Voice

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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0:53.5

Welcome to the SBF trial, a CoinDesk Podcast Network newsletter bringing you daily insights from inside the courtroom where Sam Bankman-Fried will try to stay out of prison.

1:06.3

Follow the CoinDesk podcast network to get the audio each morning with content from the Coin Desk Regulation

1:11.4

Team and voiced by Wondercraft AI. Sam Bankman-Fried stands accused of committing wire fraud

1:19.1

and conspiracy to commit several other types of frauds. His once mighty crypto exchange,

1:24.6

FTX, collapsed in dramatic fashion nearly a year ago, shedding billions in

1:29.4

value.

1:30.4

And in two weeks, he'll begin his effort to convince a jury of his peers that he didn't

1:34.5

commit any of many alleged crimes while running the company.

1:38.6

If convicted of even one of the charges, Bankman Freed faces years in a federal prison.

1:43.6

If convicted of all of the charges,

1:45.2

he could well spend decades, if not the rest of his life, behind bars. But there are some nuances

1:49.7

here. The maximum prison sentences are just guidelines. And like any criminal defendant,

...

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