Featured Story
Stanford Law professor David Mills, who led Sam Bankman Fried’s criminal defense trial, says the FTX co-founder went off the rails when he took the stand.
“He may be at the very top of the list as the worst person I’ve ever seen do a cross examination,” said Mills, a close friend of Bankman-Fried’s parents.
The 76-year-old Mills says that while the verdict was inevitable, SBF refused to adopt a key strategy in the face of his co-founders throwing him under the bus on the witness stand, Bloomberg reports.
“I thought it was almost impossible to win a case when three or four founders are all saying you did it,” said Mills. “Even if they’re all lying through their teeth, it’s really, really hard to win a case like that.”
Mills says that if he had his way, SBF would have admitted to everything the witnesses and prosecution said, and then focused on convincing the jury that it was all part of a good-faith effort to save FTX.
“That’s not how Sam remembers things, to put it kindly,” said Mills. “I thought there was a really good story there. But he can’t tell the story that all these people are lying. You got five people who say one thing, one person says another thing. Well, you’ve got no shot—zero.”
Instead of admitting to his mistakes, SBF became combative, quibbling over prosecutors’ phrasings, while claiming not to remember damning statements he made. The now-jailed SBF came off as evasive, while his cross examination devolved into death by a thousand cuts, as prosecutors dragged his nose in his own words.
Mills eventually had enough, and was notably missing from the courtroom when the jury delivered its verdict.
Meanwhile, he says he won’t have anything to do with any appeal by the FTX co-founder, and worries about his relationship with SBF’s parents, Joseph Bankman and Barbara Fried.
“I’m concerned, when you believe in your child’s complete innocence, that you need to blame someone,” he said. “and I am a likely candidate.”
Bankman and Fried, meanwhile, said in a statement: “We love David Mills. He has been a fantastic lawyer for us. He has also been an amazingly steadfast friend and will be grateful to him for being with us in a dark time, forever.”
Mills isn’t so sure.
“My sadness for them is extreme, and I don’t know that our friendship will survive this.“
So sad. But let’s not lose sight of the fact that SBF was convicted of fraud, and dug his own grave. In February, he will face five additional charges at a second trial, including bank fraud and bribery. Source: ZeroHedge
Don't Miss
JPMorgan and Jeffrey Epstein Explained: Twisted Banking Taps into Sex Fiend’s Network
By Pam Martens and Russ Martens: Jamie Dimon, Chairman and CEO of JPMorgan Chase According to the complaint filed by lawyers for Jeffrey Epstein’s victims against the…
Read More
Satan Soldiers Will Stop at Nothing: Inside Wall Street’s Plan to Start Trading America’s Natural Resources
By making money off of the right to own both public and private land in the United States, Wall Street has discovered a new approach…
Read More
Bill Dudley, Former Kingpin of Darkness at the New York Fed, Now Urges Transparency at the Fed
By Pam Martens and Russ Martens: William C. (Bill) Dudley, Former President of the Federal Reserve Bank of New York William (Bill) Dudley served as President of…
Read More
Mainstream Media Is Avoiding the Big Story on Jeffrey Epstein and Sealed Court Documents
I Didn’t Have Sex With That Woman Giuffre v. Maxwell (1:15-cv-07433)District Court, S.D. New York https://www.courtlistener.com/docket/4355835/giuffre-v-maxwell/ he Jeffrey Epstein files have been unsealed. As expected,…
Read More
Federal Agency Study Contradicts Fed Chair: Finds Banking System Is Ripe for Another Crisis and Remains “Fragile and Uncertain”
By Pam Martens and Russ Martens: Following the second, third and fourth largest bank failures in U.S. history in the spring of last year, Federal Reserve Chair…
Read More