Prosecutors rest their case as Sam Bankman-Fried prepares to testify
Attorneys representing the United States Justice Department rested their case against Sam “SBF” Bankman-Fried after more than three weeks of expert witnesses and testimonies from former FTX and Alameda employees.
According to reports from the courtroom on Oct. 26, the U.S. government’s last witness before resting was FBI Agent Mark Troiano, who primarily testified on SBF’s involvement in more than 300 groups with the messaging app Signal. Following Toiano’s testimony, Bankman-Fried’s lawyers motioned to dismiss, which was quickly denied by Judge Lewis Kaplan.
SBF’s attorneys, Mark Cohen and Christian Everdell, presented two witnesses before Bankman-Fried. Krystal Rolle, a Bahamas-based attorney previously representing the former FTX CEO, testified she accompanied SBF to a meeting with the Securities Commission of the Bahamas in November 2022 and witnessed him transferring FTX assets to authorities.
Joseph Pimbley from litigation consulting firm PF2 Securities, the defense’s second witness, testified he had been paid more than $50,000 to extract data from Amazon Web Services on Alameda Research’s line of credit with FTX and data on roughly 9 million to 11 million users of the crypto exchange. Attorneys with the Justice Department questioned Pimbley on whether he had any knowledge of how FTX funds were used or the “allow negative” button — the feature giving Alameda the ability to trade more funds that the firm had available.
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Based on reporting from the courtroom, Judge Kaplan often pushed back on
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