4.8 • 689 Ratings
🗓️ 25 September 2023
⏱️ 5 minutes
🧾️ Download transcript
SBF will be defending himself against wire fraud and conspiracy charges. Here's what that means.
Link to story: Sam Bankman-Fried (Probably) Won’t Get a 115-Year Prison Sentence
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Credits: Nikhilesh De, Nick Baker and Wondercraft AI Voice
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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 Coindex regulation team |
1:11.8 | and voiced by Wondercraft AI. If convicted of wire fraud and or conspiracy charges, FtX founder Sam Bankman |
1:20.9 | Fried will probably spend quite a bit of time behind bars. But there's a good chance the 31-year-old |
1:26.1 | won't spend the rest of his life in prison. |
1:28.4 | Bankman-Freed's trial tied to the operation and collapse of FTX and its affiliated hedge fund, |
1:33.5 | Alameda Research, kicks off next week. Prosecutors will have to prove that he knowingly lied to his |
1:38.7 | customers or lenders, knew it was wrong, was trying to defraud them, or knowingly worked with at least one other person |
1:45.4 | to try and defraud lenders, customers, or investors. The burden of proof rests on the prosecution's |
1:51.5 | shoulders. The defense team, in contrast, only has to convince a jury that the U.S. Department |
1:57.2 | of Justice didn't successfully make its case that Bankman-Fried violated the law. |
2:02.6 | The charges themselves are committing wire fraud on FTX customers, conspiring to commit wire |
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