Diverse Jury of Twelve to Decide Fate of Ex-FTX CEO, Sam Bankman-Fried, in Fraud Trial
Summary:
The fate of former FTX CEO, Sam Bankman-Fried, now lies with twelve jurors, selected from a pool of 45 candidates, as his trial unfolds in Manhattan. These jurors include individuals from diverse backgrounds and professions, such as a pregnant doctor's assistant, a train conductor, and a retired banker. After the jury was finalized, the court heard the opening statement from prosecution and defence followed by testimonies of Marc Julliard, who lost a significant amount to FTX, and Adam Yedidia, Bankman-Fried's former close associate. Bankman-Fried's trial, centered around his involvement in FTX's unexpected downfall last November, is expected to run for six weeks.
The future of ex-FTX chief executive, Sam Bankman-Fried, now rests in the hands of 12 jurors, including a pregnant doctor's assistant, a train conductor, and a retired banker, according to recent reports. Ana Paula Pereira, a correspondent for Cointelegraph at the court scene, revealed these details on October 4, the trial's second day, in Manhattan. The chosen 12 jurors were picked from a pool of 45 candidates, each given 60 seconds to share details about their personal and professional lives.
Pereira highlighted that one juror's spouse was formerly employed by a legal firm that catered to FTX, though it remains unclear whether this individual was included in the final selection. Another potential juror was dismissed after disclosing her employment by a corporation that had invested in both FTX and Alameda Research - information provided by Matthew Russell Lee of Inner City Press.
The finalized selection of jurors was disclosed approximately 15 minutes after an in-depth discussion on the selection process between District Court Judge Lewis A. Kaplan, the prosecution, and the defense team of Bankman-Fried.
According to October 4 coverage by Bloomberg and TechCrunch, the finalized jury, chiefly composed of nine women and three men, ranges across various professional fields including healthcare, finance, law, IT, and academia. Their ages span from the mid-thirties to the late sixties, and five jurors hold university degrees.
Following the selection of the jury, prosecution and defense opened proceedings with a 15-minute statement. The court then heard the testimonies of Marc Julliard, a broker who reportedly lost $80,000 to FTX, and Adam Yedidia, a former close associate of Bankman-Fried.
The trial of Bankman-Fried, which is projected to run for six weeks, stems from his seven fraud-related charges concerning FTX's abrupt failure last November.
Published At
10/5/2023 5:35:40 AM
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