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Sam Bankman-Fried’s Defence Against Fraud Charge Is ‘Irrelevant’ And Should be Struck Down, Prosecution Says

August 30, 2023
in Bitcoin
Reading Time: 3 mins read
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Sam Bankman-Fried case
Sam Bankman-Fried case

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The authorized saga involving Sam Bankman-Fried and his collapsed cryptocurrency trade, FTX, has taken a brand new twist, with the Division of Justice (DOJ) arguing his defence technique is ”irrelevant” and needs to be struck down

The DOJ argued in an Aug. 29 submitting that his defence that his attorneys authorized his alleged fraudulent actions throughout his tenure at FTX lacks adequate element to be thought-about legitimate.

doj rulling

Sam Bankman-Fried’s Defence Additionally Is ”Complicated,” DoJ Says

Legal professional Damian Williams argues that Bankman-Fried’s defence is “irrelevant, complicated, and prejudicial” except additional particulars and context are offered. The federal government means that Bankman-Fried ought to specify the authorized recommendation he obtained or rethink his defence totally.

In response, Bankman-Fried’s lawyer, Mark Cohen, contends that enough disclosures in regards to the defence technique have been made whereas ready for the federal government’s full proof disclosure. 

Cohen asserts that Bankman-Fried’s restricted web entry in jail violates his Sixth Modification rights to organize his defence successfully.

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