Judge Lewis Kaplan has approved a request from prosecutors to prohibit Sam Bankman-Fried from talking about the current worth of his investments.
The latest update in the United States v. Sam Bankman-Fried case involves the judge agreeing with prosecutors. They won’t let Sam Bankman-Fried talk about how much his investments are worth, particularly the $500 million invested in an artificial intelligence company called Anthropic.
Judge Restricts Sam Bankman-Fried from Mentioning Investment Values
In a recent legal development in the case of the United States against Sam Bankman-Fried, a federal judge, Lewis A. Kaplan, has signed an order granting the prosecutors’ request to prevent Sam Bankman-Fried from discussing the value of his current investments, particularly his $500 million investment in the artificial intelligence company Anthropic. The prosecutors argue that this investment in 2022 was made using stolen funds from FTX customers.
The judge’s order states, “For the reasons stated on the record in open court, the government’s motion to preclude the defendant from introducing evidence or argument about the current value of certain investments made by the defendant is granted.”
The prosecutors believe that such evidence is irrelevant and could lead to unfair prejudice, confusion, and waste of time during the trial. Sam Bankman-Fried, co-founder of FTX, is not the only individual involved in these investments, as former head of engineering Nishad Singh and former Alameda Research CEO Caroline Ellison were also investors in Anthropic. Ellison was questioned about these investments during the trial, and she claimed they were made due to pressure from Bankman-Fried, who had commingled customer funds.
SBF Seeks Trial Delay
The legal team defending Sam Bankman-Fried has expressed concerns about his ability to testify during the trial. They’ve explained that SBF requires a 12-hour extended-release 20 mg dose of his prescribed medication to stay focused. The defense has discussed this matter with the Court and the Government, but there hasn’t been significant progress in addressing the issue.
On another front, Nishad Singh, the former head of engineering at FTX, testified that he was aware of improper practices regarding the use of customers’ funds by the company. However, prosecutors are wary that these developments could potentially delay the lawsuit.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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