FTX Co-Founder Sam Bankman-Fried May Pay Expert Witnesses Over $1000 an Hour for Trial Defense
Summary:
FTX co-founder Sam Bankman-Fried could pay his expert witnesses over $1000 per hour for his upcoming trial, where he may call upon seven witnesses. The US Department of Justice has filed a motion to ban these witnesses from testifying, citing deficiencies and unreliable methodologies. The trial may be postponed to March 11, 2024. Bankman-Fried faces twelve criminal charges and has pleaded not guilty.
FTX co-founder Sam Bankman-Fried (SBF) could potentially pay his expert witnesses more than $1000 per hour if they testify on his behalf during his upcoming trial. The trial is set to begin on October 2, 2023, and SBF may call upon seven expert witnesses, including Lawrence Akka, Thomas Bishop, Brian Kim, Joseph Pimbley, Bradley Smith, Peter Vinella, and Andrew Di Wu. According to court filings, some of these witnesses, like former Federal Election Commission Chairperson Bradley Smith, will charge SBF's legal team $1,200 per hour to testify about topics such as campaign finance laws and straw donors. On the other hand, Peter Easton, an accountancy professor at the University of Notre Dame and a proposed prosecution witness, will charge $1,175 per hour. However, the US Department of Justice has filed a motion to ban all seven expert witnesses from testifying, citing deficiencies in their disclosures and unreliable methodologies. Bankman-Fried's trial may be postponed to March 11, 2024, if his request is approved. Bankman-Fried is facing twelve criminal charges and has pleaded not guilty to all of them.
Published At
9/1/2023 11:06:37 AM
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