Former FTX CEO Sam Bankman-Fried built his line of defense in court on the accusation of lawyers from Fenwick & West. This is reported CoinDesk with reference to the case file.
SBF has chosen the “advice of counsel” strategy. It is based on the principle that the lawyer knew about the whole background of the case and assured the client of the legality of his actions, according to experts. St. Denis & Davey.
In a letter to the court, the defense stated that it would provide evidence of the involvement of lawyers from both the FTX exchange and Fenwick & West in resolving the issues on which Bankman-Fried is accused.
In June 2023, SBF lawyers filed a motion to transfer the Fenwick & West papers. The court rejected both him and the request to interrogate the representatives of the company.
According to chairman Lewis Kaplan, this was an attempt by the defense to “fish in troubled waters”.
On August 22, 2023, another hearing in this case was held. The US Justice Department released a new indictment. Five more items were added to the list of 8 items, including the financing of political forces. The SBF does not consider itself guilty.
Source: Cryptocurrency
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