“He is Cooked” – Popular Crypto Lawyer Comments on Bankman-Fried Trial
SBF continues to look for blame elsewhere and portray himself as the victim.
Bankman-Fried’s biggest chance is now to convince even a single member of the jury that he did not act out of ‘intent.’
John E. Deaton, the lawyer who represented over 75,000 XRP holders as friends of the court in the case of the United States Securities and Exchange Commission (SEC) against Ripple is well known for his no-nonsense talk. He recently gave an interview on Fox Business where he talked to Charles V Payne who questioned the accountability of Wall Street and Silicon Valley over the FTX and Bankman-Fried debacle.
It’s Not About Crypto
Payne highlighted that Bankman-Fried had support from the rich and famous as well as institutions and corporations. Deaton agreed and explained that the FTX fraud case had very little to do with crypto itself and all to do with greed and criminal activity.
The lawyer claimed that Bankman-Fried neither understood nor cared about Bitcoin (BTC) or crypto in general. The main agenda for SBF, according to Deaton, was the stealing of customer funds and financing his own political agenda.
That is why Deaton believes Bankman-Fried has all the evidence stacked against him. Deaton stated,
Unless he [Bankman-Fried] has Taylor Swift come in as a character witness this boy is cooked.
“It’s not His Fault”
Bankman-Fried previously stated that he did not use customer funds. His recent claims that he didn’t know it was illegal will now be closely examined.
As Deaton says, “He was unaware of his own user agreement. Lawyers made him think believe that he could use customer money anyway he saw fit.” He cheekily added that SBF probably thought he “co-owned” the money when customers deposited it and that next, he possibly wants to blame it all on his Adderall.
Of course he did. He was unaware of his own user agreement. Lawyers made him think believe that he could use customer money anyway he saw fit. He didn’t actually steal their money. He thought a deposit of money meant that he was co-owner of the money thereafter. I can’t wait… https://t.co/pBlppu9GEK
— John E Deaton (@JohnEDeaton1) October 26, 2023
Bankman-Fried’s Evasive Testimony
Meanwhile, before Bankman-Fried could address the jury, Judge Kaplan dismissed them to first assess the relevance of his statements concerning the FTX lawyers’ involvement in the alleged fraud. Bankman-Fried was often evasive during questioning, frequently stating he couldn’t remember certain details. He emphasised the significant role FTX lawyers played in creating company policies and their involvement during financial issues.
In response to Bankman-Fried’s evasiveness, Judge Kaplan remarked, “the witness has what I’ll simply call an interesting way of responding to questions.”
It is unlikely that this way of answering things will fly with the prosecutors let alone the Judge much longer. Ultimately, for SBF, it hinges on whether he can convince a single juror that he didn’t act with intent. If he is able to pull that off, Deaton thinks that is the only way to save himself.
As I said a couple weeks ago, the ONLY viable defense strategy is for SBF to testify and hope he can convince ONE juror that he didn’t have fraudulent intent. It all grew so fast and furious – it all just got away from him. Caroline and Gary lied to save their own skin and avoid… https://t.co/XJfM4lf1XR
— John E Deaton (@JohnEDeaton1) October 25, 2023
The post “He is Cooked” – Popular Crypto Lawyer Comments on Bankman-Fried Trial appeared first on Crypto News Australia.
Filed under: Bitcoin - @ October 27, 2023 3:11 am