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Anthony Scaramucci, founder of SkyBridge Capital, anticipates a challenging criminal trial for Sam Bankman-Fried, predicting that experienced prosecutors will find weaknesses in his defense. 
In an Oct. 25 <a href="https://www.cnbc.com/video/2023/10/25/sam-bankman-fried-has-no-way-to-escape-in-fraud-trial-says-skybridges-anthony-scaramucci.html" target="_blank" rel="noopener">interview </a>on CNBC’s Last Call, Scaramucci expressed his belief that the United States Department of Justice prosecutors will easily dismantle <a href="https://crypto.news/tag/sam-bankman-fried/" data-type="link" data-id="https://crypto.news/tag/sam-bankman-fried/">Bankman-Fried’s</a> defense, potentially adding years to his sentence. 
<blockquote class="wp-block-quote"> 
 “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.” <cite>Anthony Scaramucci, founder of SkyBridge Capital</cite>
</blockquote> 
Scaramucci’s comments come amid growing scrutiny of Bankman-Fried, who was once viewed as a philanthropic figure in the crypto industry. “A year ago, he was considered a congenial nerd who planned to give all his money away,” Scaramucci said. 
However, recent testimonies from former executives at FTX, the cryptocurrency exchange founded by Bankman-Fried, have painted a different picture, suggesting “there was malevolence” in his actions. 
 You might also like: <a href="https://crypto.news/ftx-probes-6-5m-payments-to-center-for-ai-safety/"> FTX probes $6.5m payments to Center for AI Safety </a> 
The SkyBridge Capital founder also delved into Bankman-Fried’s past ambitions, stating that the former CEO had plans to outsmart the market—a gamble that ultimately did not pay off. 
<blockquote class="wp-block-quote"> 
 “He thought he could out-trade the market and become a half-a-trillionaire, but things never work out that way.” <cite>Anthony Scaramucci, founder and managing partner of SkyBridge Capital.</cite>
</blockquote> 
This development is particularly noteworthy given SkyBridge Capital’s business ties with FTX. In September 2022, FTX Ventures acquired a<a href="https://crypto.news/scaramuccis-skybridge-attempts-to-repurchase-company-from-ftx/"> 30% stake in SkyBridge</a>, which Scaramucci is now attempting to <a href="https://crypto.news/skybridge-may-buy-back-stake-held-by-bankrupt-ftx/">buy back </a>from the beleaguered firm. 
Scaramucci admitted feeling “embarrassed” about introducing Bankman-Fried to heads of state, a decision he now regrets. “At the time, I saw a smart guy who was well-intended,” he said. 
As Bankman-Fried prepares to take the stand, Scaramucci warned that it would be a “very bad move” for him. “He’s going to get nailed here,” Scaramucci concluded, emphasizing the experience and skill of the prosecutors he will face. 
 Read more: <a href="https://crypto.news/breaking-ftx-founder-sam-bankman-fried-to-testify-in-criminal-trial/"> Breaking: FTX founder Sam Bankman-Fried to testify in criminal trial </a>

Scaramucci predicts Sam Bankman-Fried will be ‘skinned alive’ at trial

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