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 <p class="is-style-lead">Sam Bankman-Fried, FTX’s embattled founder, is reportedly planning to hire seven <a rel="noopener noreferrer nofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> <a rel="noopener noreferrer nofollow" title="witnesses" href="https://thebittimes.com/tag/witnesses.html">witnesses</a> for his upcoming fraud trial at rates up to $1,200 per hour.</p> 
 <p>According to a report dated Aug. 31, among the experts being considered is Bradley Smith, a law professor at Capital University Law School and a former commissioner of the Federal Election Commission.</p> 
 <p>Smith has confirmed in a court filing that he is being compensated at a rate of $1,200 per hour. Other potential witnesses could charge between $400 and $1,100 per hour for their expertise.</p> 
 <p>These witnesses would provide insights into campaign finance laws, scrutinize the operations of FTX favorably, and delve into its terms and conditions.</p> 
 <p>Despite Bankman-Fried’s previous claim of having only $100,000 left in his bank account following the collapse of FTX, he is funding his legal defense with $10 million of company funds that he had earlier gifted to his father.&nbsp;</p> 
 <p>Lawyers handling the FTX bankruptcy case have also been charging the firm up to $2,000 an hour, a rate they claim is not uncommon in the legal industry.</p> 
 <h2 class="wp-block-heading" id="trial-date-and-prosecution-challenges">Trial date and prosecution challenges</h2> 
 <p>The news of SBF’s <a rel="noopener noreferrer nofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> <a rel="noopener noreferrer nofollow" title="witness" href="https://thebittimes.com/tag/witness.html">witness</a> recruitment comes amid reports that his trial date, initially set for October, may be postponed until March 2024.&nbsp;</p> 
 <p>Judge Kaplan has indicated that the delay aims to give SBF ample time to review the substantial evidence against him.</p> 
 <p>SBF’s legal team has argued that the late disclosure of significant amounts of additional evidence by US prosecutors could jeopardize his chances of a fair trial.&nbsp;</p> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> US DoJ wants former FTX boss, Sam Bankman-Fried, to be detained 
 </div> 
 <p>On Aug. 29, prosecutors reportedly introduced an additional 4 million pages of evidence into the case.</p> 
 <p>SBF’s lawyers assert that the “government cannot dump millions of pages on the defense less than six weeks before trial.”</p> 
 <p>On the other hand, Federal prosecutors seek to prevent the expert witnesses from testifying, alleging that their primary role would be supporting SBF’s claims of innocence.</p> 
 <p>Meanwhile, tensions have escalated as Bankman-Fried currently serves time in prison following efforts by prosecutors to revoke his bail due to allegations of <a rel="noopener noreferrer nofollow" title="witness" href="https://thebittimes.com/tag/witness.html">witness</a> tampering.</p> 
 <p>He is accused of leaking private journals of his former girlfriend, Caroline Ellison, to the New York Times to intimidate her. Ellison is considered a significant <a rel="noopener noreferrer nofollow" title="witness" href="https://thebittimes.com/tag/witness.html">witness</a> for the prosecution.&nbsp;</p> 
 <p>Bankman-Fried’s legal team has cited various challenges, including lack of quality internet access, for him to be placed under house arrest instead of prison.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> US prosecutors outline jury instructions for SBF’s trial 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sbf-s-expert-witnesses-might-cost-1-200-per-hour-tbt61212.html">https://thebittimes.com/sbf-s-expert-witnesses-might-cost-1-200-per-hour-tbt61212.html</a></p>

SBF’s expert witnesses might cost $1,200 per hour

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TheBitTimes

Ďalšie články zverejnené 1. 9. 2023

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