The prosecution in Sam Bankman-Fried’s (SBF) case is expected to rest its case on October 27. Following this, the defense is meant to open its case. However, it remains uncertain whether or not SBF’s lawyers are going to put up a case. If they do, there is every likelihood that they will be restricted in the witnesses or evidence they can adduce.
Why Sam Bankman-Fried’s Lawyers May Be Indecisive On Next Step
According to a report by the Block, Sam Bankman-Fried’s lead counsel, Mark Cohen, had mentioned in court on October 18 that they were still considering whether or not to put up a case and if they do “of what nature.” Cohen’s statement is significant for several reasons.
For one, there is no denying that they are currently on the back foot in a case where the prosecution seems to have succeeded in establishing its allegations of fraud against Sam Bankman-Fried. Key witnesses like Caroline Ellison, Gary Wang, and Nishad Singh have so far established that Sam Bankman-Fried was always in charge and the brain behind every misappropriation.
SBF’s lawyers seemed to have hinted, on the second day of the trial, about their defense strategies. One of them was that they were going to argue that their client had acted in good faith and that all the loans to Alameda were permitted. Another was to blame Alameda’s ex-CEO Ellison…
