US prosecutors unveil partial witness list for FTX fraud trial

US prosecutors unveil partial witness list for FTX fraud trial

Federal prosecutors revealed just days before the high-profile trial is set to begin, with part of their slate of witnesses who will testify in the criminal case against disgraced FTX founder Sam Bankman-Fried.

In a pair of filings to the court over the weekend, prosecutors said they plan to introduce testimony from FTX customers and investors affected by the firm's collapse last November to lay out how they expected the company would take care of their digital assets rather than how they were ultimately used.

In another letter, the government warned the court that it would use testimony from non-US citizens to testify how their funds would be looked after once they were deposited with FTX. Among those prosecutors have sought the court's permission to allow this individual to testify remotely because Ukrainian men over the age of 18 are restricted from leaving the country amid its ongoing war with Russia. After the war started, the prosecutor said, this individual had 'lost a substantial portion of his life savings that he had entrusted to FTX'.

In a statement, prosecutors said they would use evidence from 'certain witnesses who entered guilty pleas' as well as those granted immunity by the government. Testimony from this group is aimed at showing how they and SBF 'agreed to perpetrate the scheme' that led to FTX's failure.

Although left unnamed in the filing, prosecutors have already struck cooperation deals with members of the SBF's inner circle, including FTX co-founder Gary Wang and former head of engineering Nishad Singh. Caroline Ellison, the former CEO of Alameda Research and the former lover of SBF, also struck a deal with prosecutors, and already admitted that she and other executives knew it was wrong to use client funds the way they did.

The SBF's lawyers filed oppositions over the weekend with the court regarding the government's proposed questions for potential jurors.

SBF's lawyers argued that a proposed list of questions from prosecutors was biased and 'prejudicial' to their client. The defense took issue with prosecutors describing SBF's actions as 'fraud' rather than alleged fraud, and asking questions that they say are inadequate to weed out bias from potential jurors.

s preferred voir dire, the court uses the voir dire proposed by Mr. Bankman-Fried, which will provide a full and fair opportunity to expose bias or prejudice on the part of potential jurors, the lawyers wrote, referring to the legal term for examining potential jurors.

SBF, a once prominent crypto mogul, is facing a litany of charges, including money laundering, wire fraud, and illegal political donations, which could mean years in prison if convicted.