Friday, October 20, 2023

In Bankman-Fried Trial Third Point Boroujerdi Says Lied To about Alameda in Risk Engine


by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, Oct 19 –   For US v Sam 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 Thursday, October 19 there was Robert Boroujerdi of Third Point. Inner City Press live tweeted, thread:

AUSA: For this March 2021 call, what was the data room? Boroujerdi: Documents

AUSA: Did you believe the documents? Boroujerdi: Yes. AUSA: Did you have a call with the defendant?

Boroujerdi: A Zoom call led by Sam. I was in my NYC apartment. FTX was in Hong Kong. We talked about the risk engine. Sam said it took out human emotion

 AUSA: Did Alameda Research come up?

Boroujerdi: Yes. Sam said he'd started it. He said they were independent.  AUSA: Did you know Alameda was exempt from the risk engine?

Boroujerdi: No. We would not have invested. There should be no preferential treatment.

 AUSA: Did you meet the defendant? Boroujerdi: At a Miami event, and at Equinox Hotel in Hudson Yards, co-hosted by Circle... 

AUSA: And any other times in NYC? Boroujerdi: Sam did a fireside chat at JP Morgan in midtown Manhattan... Ramnik Arora called

 AUSA: Did Ramnik tell you FTX had a hole? SBF's Cohen: Objection as to form. Judge Kaplan: Sustained. Leading.

AUSA: Did you become aware FTX was facing financial difficulties?

Boroujerdi: I saw tweets

  More on Substack here

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

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