SBF’s Lawyer Says FTX Co-Founder Was ‘Worst’ Witness Ever

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

Loading

Don't Miss

Stocks Are Crashing, VIX Spikes As Option-Players Panic-Buy Protection

By StevieRay Hansen

Trouble: VIX is back above 30… Read moreBancorpSouth Bank (BXS): Watch List Financial Stock,UP-Date 4/22/19 …and its put-buying not call-buying this time… Read moreKeeley Teton […]

Loading

The Fed’s Big Lie

By StevieRay Hansen

Insanity is doing the same thing over and over again, but expecting different results. Federal Reserve Chairman Jerome Powell announced on Thursday that the Fed […]

Loading

In The Long Run… We Are All Alive

By StevieRay Hansen

In 1976, economist Herbert Stein, father of Ben Stein, the economics professor in Ferris Bueller’s Day Off, observed that U.S. government debt was on an […]

Loading

America’s Coming Double Dip

By StevieRay Hansen

www.zerohedge.com Soaring financial markets are blithely indifferent to lingering vulnerabilities in the US economy. But the impact of consumers’ fear of COVID-19 on pandemic-sensitive services are […]

Loading

What Are You Going To Do As Our Money Dies?

By StevieRay Hansen

Central banks are killing our currency to protect the already-rich… Read moreFront-Month WTI Crude Crashes Below Zero For First Time EverIn our recent article It’s Time […]

Loading

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

Leave a Reply

Your email address will not be published. Required fields are marked *