Scaramucci states that SBF’s decision to testify in his criminal trial is a “a very bad move” as he would be “skinned alive” by prosecutors.
Sam “SBF” Bankman-Fried will be no match for government prosecutors, who will poke holes in his defense during his criminal prosecution, according to Anthony Scaramucci, founder of SkyBridge Capital.
Scaramucci stated on CNBC’s Last Call on October 25 that United States Department of Justice prosecutors will “point out all the contradictions” he believes Bankman-Fried has made, thereby “adding years to his sentence.”
“He’s gonna get skinned alive; there’s no way to escape. He thinks he’s going to outfox the prosecutors, but they’re very, very well experienced with this stuff.”
Scaramucci believed there has been a “complete rewriting of history” regarding Bankman-Fried, as a year ago, he was viewed as a “nice nerd who was going to give his money away.” In contrast, the testimony of former FTX executives demonstrated “malice.”
“He believed he could out-trade the market, reinvest the money, and become a half-billionaire,” he continued. “However, it never works out that way.”
FTX Ventures acquired a 30% stake in SkyBridge in September 2022, which Scaramucci is attempting to repurchase from the insolvent company.
Before allegations that the former FTX CEO misappropriated customer funds, he told reporters in January that he believed Bankman-Fried to be “the Mark Zuckerberg of crypto.
Scaramucci stated on CNBC that he was “embarrassed” about introducing Bankman-Fried to heads of state, but at the time, he saw “a smart guy who was well-intentioned.”
Scaramucci continued, “He’s gonna get nailed here going on the stand; it’s a very bad move for him.”
