Friday, October 20, 2023

Bankman-Fried Trashing Regulators and Calling Singh Guilty Into Evidence over SBF Objections


by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, Oct 18 –   For US v Bankman-Fried, after more than a day of jury selection, late morning on October 4 the twelve and six alternate were selected. Inner City Press live tweeted the voir dire here and more below

On October 18, there was a dispute about SBF's Direct Messages trashing regulators and saying Nishad Singh was embarrassed and guilty. Thread

AUSA Sassoon: The defense is objecting to some Direct Messages between the defendant and another user on November 16, 2022.

SBF's lawyer: These are prejudicial. He thought the person was a friend, they were off the cuff. He meant, History is written by the winners

SBF's lawyer: In these messages, Mr. Bankman-Fried says of CZ that he was a month ago about about no unethical s-h-i 

Judge Kaplan: I've heard this before.

SBF's lawyer: OK now I'll says it, Unethical shit. He goes on--

Judge Kaplan: Slow down. I listen to 33 RPM

 SBF's lawyer: It's prejudicial, this talk of unethical shit. Judge Kaplan: You mean 803A? SBF's lawyer: Yes. And 803B, musings about the past, he uses the word guilt but means personal feelings of guilt, it's prejudicial.

SBF's lawyer: They want to show his messages about regulators to show that his outreach to them was all a scam. But he was sincere, then. He got frustrated...  AUSA Sassoon: There are admissions by the party proponent. That he thought it was private is probative

[Note: while the messages have not been shown during this argument, this appears to be one of them - meanwhile, they are taking afternoon bread, thread will continue below

They're back. AUSA Sassoon: Alameda changed its name to Clifton Bay  - and also to Goodman Investments. GX783, what are these? Medrano: Twitter direct messages between Cosmo and the defendant. AUSA Sassoon: And this? Medrano: Silvergate due diligence form by SBF

 AUSA Sassoon: What does this DM say? Medrano: We bought out Binance's stake in FTX. AUSA Sassoon: Who posted this tweet? Medrano: Shaq.

AUSA: Who's that?

Medrano: A former basketball player AUSA: Is this Shaq and SBF? Medrano: Yes [SBF has a little football drawing on his shirt]

 AUSA Sassoon: Do you see Mr. Ballensweig saying, Hit me in 5?

Medrano: Yes. AUSA Sassoon: And this message with Frank Chapparo? Medrano: The defendant says he's gonna stop lobbying [And more - aim to publish this exhibit, about Gensler

[Now they're showing SBF liking pro-FTX tweets, that ask "what exactly is CZ talking about?"] AUSA Sassoon: And this message, about Philip Morris and unethical shit - what did SBF reply? Medrano: He replied, Heh... And all this dump shit we woke Westerners say

 AUSA Sassoon: What did SBF DM on Nov 16? Medrano: That they were gone, Gary is scared and Nishad is ashamed and guilty. AUSA Sassoon: And when asked about lobbying for regulation? Medrano: SBF replied, F*ck regulators

AUSA Sassoon: Then SBF wrote, Didn't mean for this to be all on the record?

Medrano: Yes.

AUSA Sassoon: What is Vox? Medrano: I'm not sure.

AUSA Sassoon: No further questions.


 Inner City Press live tweeted the voir dire and now, more on Substack here
and all on Patreon here

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