Tuesday, October 1, 2024

Does SBF’s Attraction Stand a Likelihood of Succeeding?

In that point, the crypto business has moved on: markets are up, VC {dollars} are again, and politicians are as soon as once more supporting the business. In the meantime, the mainstream media has nearly forgotten in regards to the fallen crypto king, SBF himself.

So would possibly a choose and jury see SBF’s case in a different way ought to it hear proof from the FTX founder once more?

That definitely appears to be the hope of SBF’s new authorized staff, which took over his case after his trial attorneys, Mark Cohen and Christian Everdell, stepped down following his conviction. On Friday, Sept. 13, his new lead lawyer, Alexandra Shapiro, filed an attraction to the Second Circuit Court docket of Appeals, laying out why SBF believes he deserves one other listening to.

“In the US, individuals accused of crimes are presumed harmless except and till confirmed responsible past an affordable doubt,” Shapiro’s attraction begins. “They’re entitled to a good trial by a jury. When the federal government introduces proof, defendants have the proper to rebut that proof and current their aspect of the story. That, at the very least, is the way it’s alleged to work. However none of that occurred right here.”

The 102-page doc argues that SBF was unfairly handled at trial, which happened as public scrutiny of the FTX case reached a fever pitch. Shapiro argues SBF was “presumed responsible by federal prosecutors anticipating fast headlines,” “presumed responsible by the choose who presided over his trial,” and that the “prevailing narrative” of FTX’s collapse, and SBF’s half in it, was accepted as true, with out correct inquiry.

“From day one, the prevailing narrative—initially spun by the attorneys who took over FTX, rapidly adopted by their contacts on the U.S. Lawyer’s Workplace—was that Bankman-Fried had stolen billions of {dollars} of buyer funds, pushed FTX to insolvency, and induced billions in losses,” the attraction continues.

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