this post was submitted on 24 Oct 2023
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[ sourced from TechCrunch ]

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[–] autotldr@lemmings.world 1 points 1 year ago

This is the best summary I could come up with:


In recent weeks, all three parties took the stand to testify against Sam Bankman-Fried at his trial in the Southern District of New York courthouse.

But that comment by Wang wasn’t a joke and could be a possibility, according to Josh Naftalis, a former federal prosecutor and ex-assistant U.S. attorney for the SDNY, on TechCrunch’s Chain Reaction podcast.

Naftalis said he’s seen cooperating witnesses who did get jail time in past cases he’s worked on, “but it’s the exception not the rule.”

In front of jurors, the prosecutors emphasized in their examination of these three witnesses their testimonies were an “obligation” to “answer truthfully.” In return, they’d write a 5K letter to the judge describing the crimes and cooperation.

The timeline for potential sentencing will be slower for the three witnesses, but “it looks like they’ve held up their end of the bargain,” Natfalis said.

Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favorite pod platform to hear more stories and tips from the entrepreneurs building today’s most innovative companies.


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