Current：Home > ScamsSam Bankman-Fried plans to testify at his New York fraud trial, his lawyer says -Wealth Empowerment Academy
Sam Bankman-Fried plans to testify at his New York fraud trial, his lawyer says
View
Date：2025-04-24 11:56:39
NEW YORK (AP) — FTX founder Sam Bankman-Fried plans to testify at his fraud trial, his lawyer told a federal judge on Wednesday, a day before the defense is set to counter testimony from former executives who say the cryptocurrency executive stole billions of dollars from his customers and investors over several years.
Attorney Mark Cohen told Judge Lewis A. Kaplan that he planned to call three witnesses “and then our client is also going to be testifying” after prosecutors rest early Thursday.
Cohen made the comment during a phone and video conference in Manhattan federal court after the judge told him: “It’s time to tell me what defense case, if any, you’re going to put on.”
The judge told him that he didn’t have to say yet whether Bankman-Fried would testify, but Cohen volunteered that he would.
Even so, prosecutors and the judge later discussed the possibility that closing arguments could occur early next week if Bankman-Fried changes his mind and doesn’t take the stand.
Bankman-Fried, 31, has pleaded not guilty to charges that he looted the financial accounts of his customers and investors to live lavishly and bolster his personal reputation and the reputation of his companies through large donations to charity and political candidates.
Prosecutors have called some of his former top executives to testify against him. They’ve told the jury that he was involved in every facet of his businesses and was fully aware that billions of dollars he was spending on real estate, investments and contributions were unwittingly funded by customers and investors.
Bankman-Fried has been jailed since August, when Kaplan ruled that he had tried to influence potential trial witnesses and revoked the $250 million personal recognizance bond that had permitted him to live with his parents in Palo Alto, California, after his December extradition from the Bahamas.
___
For more AP coverage of Sam Bankman-Fried and FTX: https://apnews.com/hub/sam-bankman-fried
veryGood！ (6419)
Related
- Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
- Wedding Guest Dresses From Dress The Population That Are So Cute, They’ll Make the Bride Mad
- Polar bears in a key region of Canada are in sharp decline, a new survey shows
- Did the world make progress on climate change? Here's what was decided at global talks
- $1 Frostys: Wendy's celebrates end of summer with sweet deal
- Taylor Swift Just Subtly Shared How She's Doing After Joe Alwyn Breakup
- Bill Hader Confirms Romance With Ali Wong After Months of Speculation
- Climate change is making the weather more severe. Why don't most forecasts mention it?
- Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
- Here is what scientists are doing to save Florida's coral reef before it's too late
Ranking
- The White House is cracking down on overdraft fees
- Are climate change emissions finally going down? Definitely not
- Love Is Blind's Paul Reveals the Cast Member He Dated After Micah Breakup
- Treat Your Skin to Luxury With a $54 Deal on $121 Worth of Josie Maran Skincare Products
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Puerto Rico is without electricity as Hurricane Fiona pummels the island
- Look Back on All of the Love Is Blind Hookups That Happened Off-Camera
- Love Is Blind's Paul Peden Accuses Vanessa Lachey of Having Personal Bias at Reunion
Recommendation
Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
Low-income countries want more money for climate damage. They're unlikely to get it.
Why experts say you shouldn't bag your leaves this fall
Kelly Clarkson Shares Daughter River Was Getting Bullied at School Over Her Dyslexia
Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
Travis Barker’s Birthday Message to Kourtney Kardashian Celebrates All the Small Things—and PDA
Find Out the Gift Ryan Seacrest Left Behind for New Live Co-Host Mark Consuelos
The carbon coin: A novel idea