Sam Bankman-Fried's trial resumes with jury selection; opening statements expected
economictimes.indiatimes.comFTX cryptocurrency exchange resumed on Wednesday, with the judge aiming to finish selecting a jury and move on to opening statements.
The 31-year-old-former billionaire's trial kicked off on Tuesday, nearly a year after FTX collapsed in a meltdown that shocked financial markets and tarnished the budding entrepreneur and philanthropist's reputation as an honest actor in a crypto sector pockmarked by scams and purported get-rich-quick schemes.
U.S. District Judge Lewis Kaplan chose a pool of nearly 50 qualified jurors, after dismissing dozens who could not serve for personal or professional reasons or would not be able to reach an impartial verdict. He said the parties would likely select the panel of 12 jurors and six alternates on Wednesday.
That would pave the way for prosecutors and the defense to proceed to opening statements, in which each side would lay out their case.
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View Details» Bankman-Fried's parents, Stanford Law School professors Joseph Bankman and Barbara Fried, were seen arriving at the federal courthouse in lower Manhattan on Wednesday morning. They had not attended the trial's first day.
They were both on a list read by a prosecutor on Tuesday of
possible witnesses
or individuals who may be otherwise mentioned in testimony, along with Bankman-Fried's brother Gabriel Bankman-Fried and former Donald Trump staffer Anthony Scaramucci. That does not necessarily mean they will be called to testify.
