News - US Department of Justice opposes testimony Sam Bankman-Fried

By Mike Hesp

US Department of Justice opposes testimony Sam Bankman-Fried

Laws and regulations
USA
Scams, crime and fraud

FTX founder Sam Bankman-Fried (SBF) will be re-examined by the court in October to determine his guilt in the crypto scandal. The U.S. Department of Justice is now demanding that all of SBF's proposed witnesses be rejected by the court.

The U.S. Department of Justice opposes the witnesses from Sam Bankman-Fried. In documents filed by the federal ministry yesterday, Aug. 28, states, "The experts and related disclosures proposed by the defense exhibit a number of deficiencies that justify the exclusion of all seven witnesses."

In this regard, the witness statements are said to be "deficient at the most fundamental level." The ministry, reporting to the U.S. Attorney General, has serious doubts about their credibility.

It further argues that the expert testimony lacks reliable methodology and cannot be supported by facts or data. Moreover, the expert testimony in question would be irrelevant, unfairly biased and confusing to the jury.

The seven witnesses include a British lawyer, the heads of four different consulting firms, a law professor and an assistant professor at a business school.

According to the documents, the U.S. Department of Justice has requested a Daubert hearing if several witnesses are not precluded from testifying. A Daubert hearing allows both sides in a lawsuit to question the challenged expert in a public hearing to assess his or her admissibility.

According to Bankman-Fried's lawyers, the U.S. Department of Justice obtained a new set of evidence against him on Aug. 25, containing another four million pages of evidence. This material was released less than six weeks before the trial scheduled for Oct. 3.

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