The jury pool for the criminal trial of fallen FTX founder Sam Bankman-Fried has been reduced to 50 prospective jurors.
Jury Selection In The Sam Bankman-Fried Case Continues For A Second Day
The jury pool for the criminal trial of fallen FTX founder Sam Bankman-Fried has been reduced to 50 prospective jurors. Selections were extended into a second day, and 12 jurors will be chosen by Wednesday morning. Many potential jurors revealed prejudices as a result of losing money when FTX failed, with some doubtful they could stay objective.
One juror mentioned feeling negatively about crypto since learning of FTX. Judge Lewis Kaplan questioned the jurors if they were aware of FTX or Alameda, after which two acknowledged having made crypto investments that lost money. Others disclosed ties to related industries like FINRA and Morgan Stanley. One had even worked for crypto bank Silvergate, linked to FTX before it collapsed.
Kaplan told the jurors to avoid all media coverage of the case, asking if anyone had knowledge of figures related to the FTX bankruptcy or had seen the 60 Minutes interview with author Michael Lewis, who had denied the premise that FTX was a Ponzi scheme. Bankman-Fried is facing seven counts of charges, including wire fraud, securities fraud and conspiracy to launder money.
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