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CoinDesk Podcast Network

SBF TRIAL PODCAST: 10/6 Update

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7698 Ratings

🗓️ 6 October 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

The SBF defense struggles as Judge Kaplan loses patience with their repetitive questioning and former FTX executive Gary Wang makes a guilty testimony. Link to story: Sam Bankman-Fried, Other FTX Execs Committed Financial Crimes, Co-Founder Wang Testifies Sign up for The SBF Trial Newsletter Credits: Danny Nelson, Nikhilesh De, Marc Hochstein 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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0:00.0

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.

0:16.6

Follow the Coin Desk podcast network to get the audio each morning with content from the Coin Desk Regulation Team and voiced by Wondercraft AI.

0:26.0

It could take six weeks for prosecutors to make their case against Sam Bankman-Fried.

0:31.4

But only three days were needed for the judge overseeing his trial to lose patience with the

0:35.6

former Crypto Chief's defense team.

0:38.2

Judge Lewis Kaplan was visibly and audibly disgruntled and mightily displeased with Mark

0:42.9

Cohen and AMP Company on Thursday. On multiple occasions, the white-haired federal judge

0:48.0

chastised the defense attorneys for asking imprecise and repetitive questions of government

0:52.6

witnesses. During one especially aggravating cross-examination, he called the attorneys over for a sidebar

0:58.3

slap down.

0:59.5

I've given you a lot of latitude, but the repetitive questioning needs to be curbed.

1:04.4

The 78-year-old judge told defense attorney Chris Everdell as he probed Adam Yedididdea,

1:12.6

a former friend and employee of Sam,

1:14.7

and now a witness for the prosecution.

1:20.3

Kaplan's displeasure with the defense team underscores the difficulties they face when mounting their two-pronged campaign to secure a not guilty verdict from the jury.

1:26.0

First, they must use cross-examination to undermine government

1:29.8

witnesses' credibility in jurors' eyes. Second, they must inject Sam's most favorable facts

1:36.2

into the court record by asking witnesses' questions that don't get shot down at a cringe-worthy

1:42.2

frequency. There was plenty of cringe in the courtroom,

1:45.2

as the defense tried questioning Yadidia, the government's first spicy witness, to share insider

1:51.0

knowledge of crypto exchange FTX and its downfall. Yadidia had been called to testify about a bug in

1:57.7

FTX's accounting software that caused it to wildly overstate how much money

...

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