Jury selection for Sam Bankman-Fried trial ends

Jury selection for Sam Bankman-Fried trial ends

The jury's selection for the trial of disgraced cryptocurrency mogul Sam Bankman-Fried ended on Wednesday.

The jury will consist of a former prosecutor, several Metro North commuter rail line workers, a librarian, and a retired corrections officer.

The goal was to complete the jury selection on Day 1, but by Tuesday afternoon that was already looking unlikely.

The FTX founder appeared in court with a freshly shorn hair, wearing a gray suit and patterned tie. Bankman-Fried sat for most of the hearing before a laptop scrolling through court documents. He kept his hands on the laptop even when peering over his shoulder at prospective jurors or conferring with the four attorneys sat by his side.

Assistant U.S. Attorney Nick Roos said that a plea deal was never offered to Bankman-Fried, which his legal team confirmed yesterday.

About 200 people were summoned to jury selection on Tuesday, before being whittled down to about 50 who returned on Wednesday.

ET, Judge Kaplan asked the jurors if there was anything about the nature of the case that would make it difficult for them to be fair. At least 10 people were dismissed at the time, according to the Associated Press.

One of the jurors said he had heard about Sam Bankman-Fried on The Joe Rogan Experience podcast.

Some were excused for weddings, medical appointments, travel for work, and one who said he is a commodities trader-said a six-week trial would be too disruptive to his job.

SBF, a former CEO and co-founder of collapsed crypto giant FTX Bankman-Fried-better known as SBF, faces seven charges, including wire fraud, securities fraud, and money laundering.

FTX, once one of the biggest and most famous crypto brands, quickly and unexpectedly went bankrupt in November of last year.

Bankman was arrested in Nassau, Bahamas, in December and extradited to the United States. He pleaded not guilty to all charges on January 3.

Billions of dollars in customer cash disappeared and the exchange's new management is now trying to pay back creditors.

Bankman-Fried's case is expected to last about six weeks.