Former SEC attorney predicts Sam Bankman-Fried's trial will play out

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Former SEC attorney predicts Sam Bankman-Fried's trial will play out

Former SEC attorney John Reed Stark took to social media on Monday with an in-depth prediction of how Sam Bankman-Fried's criminal trial will play out.

FTX's disgraced ex-boss faces sweeping fraud charges that may collectively earn him a lifetime in prison. While Stark said he will soon have his day in court, he notes that the founder's chances of acquittal are low.

In her public leaked diary, Ellison admitted that she felt unequipped to run Alameda, the SBF-owned cryptocurrency trading desk, deeply tied to the fraud. After leaking her diary to the media, SBF was revoked for witness tampering.

Stark says he's likely handed the government most of his findings, offering access to a mountain of inculpatory evidence against SBF.

Bankman-Fried has likely already incriminated himself through his Post-FTX 'Public relations campaign,' during which he participated in multiple interviews with independent journalist, legacy media, and Twitter sites in an effort to clear his name.

His hours of on-the-record explanations and responses open up major prospects for impeachment-providing evidence that reveals inconsistencies and falsehoods in a person's statements over time, Stark said.

Jordan Estes, a partner at the law firm Kramer Levin, said Ellison's presence could add drama to the case that would ultimately align the jury against the FTX founder. She added: 'It's not a matter of attention.....'s attention.