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Within the ongoing prison trial of Sam Bankman-Fried, attorneys for the FTX founder filed new letter motions associated to the cross-examination of two key prosecution witnesses.
In a letter Monday, Bankman-Fried’s legal professionals requested Choose Lewis Kaplan for permission to query Gary Wang on the involvement of attorneys in structuring loans from Bankman-Fried’s buying and selling agency Alameda Analysis to Wang personally. The protection argues the mortgage particulars are related to rebutting federal fees that Bankman-Fried tried to hide the supply of funds by way of cash laundering.
Wang, FTX’s co-founder and former chief know-how officer, testified final week that both Bankman-Fried or legal professionals on the firm offered him with mortgage paperwork to signal. Questioning on the legal professionals’ position would assist Bankman-Fried’s declare he acted in good religion, his attorneys mentioned.
A docket entry signifies the decide denied the testimony request, doubtless as a result of Wang had already accomplished his testimony.
Prosecutors filed their very own letter Monday looking for to dam the introduction of the present worth of Bankman-Fried’s funding stake in synthetic intelligence startup Anthropic, which has grown considerably since he invested final 12 months. They argue it might improperly recommend victims could also be repaid.
Anthropic is the creator of ChatGPT competitor Claude, which has obtained billions in investments from Google and Amazon this month, totaling round $6 billion.
Bankman-Fried’s staff contends in response that the proof rebuts prosecution claims his investments have been dangerous or shedding cash. His attorneys agreed to a limiting jury instruction on the aim of the testimony.
“To the extent the Court docket has issues that proof regarding Anthropic’s present worth might improperly recommend that clients, lenders, and buyers could be repaid, the protection has no objection to the Court docket offering an applicable limiting instruction.
In one other request Tuesday, the protection requested to cross-examine Caroline Ellison on attorneys’ involvement in setting auto-deletion insurance policies for messages at FTX and Alameda. This might rebut allegations that Bankman-Fried sought to hide wrongdoing, they mentioned.
The publish SBF appears to be like to Anthropic funding as Choose denies cross examination of Gary Wang appeared first on CryptoSlate.
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