Sam Bankman-Fried jury to hear FTX founder's testimony in fraud trial
© Reuters. FILE PHOTO: Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo
Bankman-Fried started testifying on Wednesday at an unusual hearing outside the jury's presence. U.S. District Judge Lewis Kaplan asked him to preview his testimony about the involvement of lawyers in key decisions at the heart of the case so he could decide whether it was admissible as evidence. Bankman-Fried said during questioning from defense lawyer Mark Cohen that FTX's lawyers were involved in crafting its document-retention policies, setting up a system under which FTX customers deposited their funds into an Alameda bank account, and crafting loans that he and other executives took from Alameda.
Kaplan remarked during the hearing that Bankman-Fried had"an interesting way of responding to questions."
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