FTX CEO’s Defense Requests Jury Consideration of English Law in Misappropriation Case

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The defense attorneys representing former FTX CEO Sam Bankman-Fried have submitted a letter to Judge Kaplan, requesting changes to the jury instructions in the ongoing trial. They argue that the jury should consider the role of English law in determining FTX’s terms of service. According to the defense, the terms of service clearly state that there was no trust or fiduciary relationship between FTX and its customers, which is crucial for the charges of misappropriation. They also cite examples of similar cases from the United Kingdom to support their argument. Throughout the lawsuit, Bankman-Fried’s attorneys have made several requests to the judge, including bail before the trial due to inadequate amenities for trial preparation. However, most of their requests have been denied. Bankman-Fried is currently facing charges of fraud and misappropriation of customer funds, which he denies. He has also been accused of witness tampering in the past. Overall, the defense is seeking a not-guilty verdict for their client based on the interpretation of English law and the absence of a trust or fiduciary relationship between FTX and its customers. The trial is ongoing, and the outcome remains to be seen.

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