So, it’s here guys… moment we’ve been waiting for. SBF is going to the court and here are some interesting facts about this exciting crypto event that is happening right now
- Sam Bankman-Fried is currently facing a criminal trial in downtown Manhattan that commenced on Tuesday, October 2, for a litany of alleged financial crimes.
- Bankman-Fried stands accused of effectively stealing roughly $8 billion worth of cryptocurrency and other funds belonging to large and small speculators worldwide.
- The trial is scheduled to last six weeks, with court in session on average four days a week, and it notably does not allow cameras in the courtroom.
- Bankman-Fried is coming to court from jail, where he was remanded after leaking portions of former Alameda Research CEO Caroline Ellison's diary, which led to allegations of attempted witness tampering.
- The presiding judge for the trial is Judge Lewis Kaplan, a 78-year-old Harvard Law School graduate.
- If convicted on all charges, Bankman-Fried could face a potential sentence of 10 to 20 years in prison, with a theoretical maximum of 115 years.
- Witnesses expected to testify include former colleagues and associates who have accepted plea deals to testify against Bankman-Fried.
- The defense's argument may include an 'advice of counsel' defense, but this has limitations.
- There is also a possibility of a second trial on additional charges in the future.
What’s gonna happen, what do you think the results of this trial will be?
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