{"id":60429,"date":"2023-09-29T03:38:16","date_gmt":"2023-09-29T07:38:16","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=60429"},"modified":"2023-09-29T03:44:34","modified_gmt":"2023-09-29T07:44:34","slug":"trial-dates-unveiled-sam-bankman-fried-to-face-6-week-trial","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/trial-dates-unveiled-sam-bankman-fried-to-face-6-week-trial\/","title":{"rendered":"Trial Dates Unveiled: Sam Bankman-Fried to Face 6-Week Trial"},"content":{"rendered":"\n

Assistant U.S. Attorney Danielle Kudla stated that the Justice Department<\/a> estimated the case would last between four and five weeks.<\/p>\n\n\n\n

\"Trial
Trial Dates Unveiled: Sam Bankman-Fried to Face 6-Week Trial<\/figcaption><\/figure>\n\n\n\n

Sam “SBF” Bankman-Fried, former CEO of FTX, will spend at least 21 days in court as part of his criminal trial, which will commence in earnest on October 4 and continue until November 9, according to a recently released trial calendar posted to the public court docket.<\/p>\n\n\n\n

The expanding trial schedule, released on September 28, commences on October 3 with jury selection. On October 4<\/strong>, the first official date of the Bankman-Fried trial, the seven fraud allegations against him will be discussed.<\/p>\n\n\n\n

There are two substantive offenses for which the prosecution must persuade the jury that Bankman-Fried is guilty. Five additional “conspiracy” allegations require the prosecution to convince the jury that Bankman-Fried intended to commit the crimes.<\/p>\n\n\n\n

There are fifteen complete trial days in October and six in November. The court will be out of session from October 20 to October 25<\/strong> and on weekends. Public holidays occur on October 9 and November 10, and there is no scheduled trial on November 3.<\/p>\n\n\n\n

\"\"
United States v. Sam Bankman-Fried trial calendar. Source: Courtlistener
<\/em><\/figcaption><\/figure>\n\n\n\n

Since August 11, the erstwhile CEO of FTX has been in pretrial detention at the Metropolitan Detention Center. To prepare for his imminent trial, Bankman-Fried's attorneys have filed numerous motions for temporary release.<\/p>\n\n\n\n

United States District Judge Lewis Kaplan\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> denied his most recent appeal on September 28, citing Bankman-Fried's youth and “very long sentence” if convicted as reasons for his possible flight risk. The author states that:<\/p>\n\n\n\n

\n
\n
\n

\u201cIf things begin to look bleak\u2026 maybe the time would come when he would seek to flee.\u201d<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n

However, Kaplan stated that he understood the defense's concerns and has granted Bankman-Fried permission to appear in court at 7:00 a.m. local time on most trial days to speak with his attorneys before testimony begins.<\/p>\n\n\n\n

During the September 28 hearing, assistant U.S. Attorney Danielle Kudla stated that the Department of Justice estimated the case to last between four and eight weeks.<\/p>\n\n\n\n

Following the collapse of FTX,<\/use><\/svg><\/span><\/a> SBF pleaded not guilty to seven counts of fraud and conspiracy and faces a maximum of 110 years in prison.<\/p>\n","protected":false},"excerpt":{"rendered":"

Assistant U.S. Attorney Danielle Kudla stated that the Justice Department estimated the case would last between four and five weeks. Sam “SBF” Bankman-Fried, former CEO of FTX, will spend at least 21 days in court as part of his criminal trial, which will commence in earnest on October 4 and continue until November 9, according […]<\/p>\n","protected":false},"author":53,"featured_media":56698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,32],"tags":[5717,6459,16047,16584],"class_list":["post-60429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-crypto-exchange-news","tag-ftx-2","tag-sam-bankman-fried","tag-sbf-2","tag-trial"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/bit.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=60429"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/56698"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=60429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=60429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=60429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}