SBF TRIAL Podcast 11/7: What's Next for Sam Bankman-Fried's Legal Case
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 November 2023
⏱️ 3 minutes
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Summary
The FTX founder still faces potential post-trial motions, sentencing and perhaps another trial.
Link to story: 'What's Next for Sam Bankman-Fried's Legal Case'
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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-Freed will try to stay out of prison. |
| 0:16.9 | 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. |
| 0:26.4 | The story of United States v. Sam Bankman-Fried isn't quite over yet. |
| 0:31.6 | Now that he's been found guilty on seven different charges, a few things are going to happen. |
| 0:36.8 | One is, of course, the U.S. Probation and |
| 0:39.9 | Pre-Trial Services System will get to work on drafting a memo for a recommended sentence. |
| 0:45.4 | The Department of Justice and the defense team will likely have views on that recommendation. |
| 0:50.2 | Judge Lewis Kaplan has scheduled a tentative hearing on March 28th to discuss the proposed sentence, |
| 0:56.1 | with deadlines for the two parties to respond to the memo ahead of that date. |
| 1:00.0 | There's also Bankman Fried's second trial currently scheduled for March 11th. |
| 1:04.1 | The judge set a February 1st deadline for the DOJ to update him on whether or not it intends to proceed with this second trial, |
| 1:12.0 | which is also dependent on the U.S. winning permission from the Bahamas government. As a reminder, Bankman |
| 1:17.1 | Freed faces additional charges of fraud on F.TX customers tied to derivatives, though it's worth |
| 1:22.6 | noting that last week's conviction did include account of conspiracy to commit commodities fraud. |
| 1:28.1 | Securities fraud against FTCS investors. account of conspiracy to commit commodities fraud, securities fraud against FTX investors, conspiracy to commit bank fraud, conspiracy to operate an unlicensed |
| 1:34.4 | money transmitter business, and conspiracy to violate the Foreign Corrupt Practices Act. |
| 1:40.0 | These charges were not included in Bankman-Feed's original indictment, meaning they did not appear in the DOJ's request to the Bahamas for his extradition. |
| 1:48.8 | The Bahamas Supreme Court ordered that the government cannot retroactively grant permission for a trial on these charges until after a hearing has been completed. |
| 1:57.2 | I haven't yet seen any confirmation that one has been scheduled. |
| 2:00.7 | There's also post-trial motions. |
| 2:02.5 | Defense attorney Mark Cohen and his team may file for a new trial |
| 2:05.5 | or for the judge to acquit despite the jury verdict. |
... |
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