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

STAGGERING GLOBAL DEBT OF $253 TRILLION IS A DISASTER WAITING TO HAPPEN

By StevieRay Hansen

Global debt has reached a staggering $253 trillion. This is a disaster waiting to happen, as the world’s total debt surged by some $9 trillion…

Loading

Read More

12 Signs That The Economy Is Seriously Slowing Down As 2020 Begins

By StevieRay Hansen

Lost in all of the headlines about Iran and impeachment is the fact that the U.S. economic slowdown which began during the latter stages of…

Loading

Read More

Nine States Headed For Recession In Six-Months, Most Since Financial Crisis

By StevieRay Hansen

President Trump’s core campaign promise was to “Make America Great Again,” through a revival of the manufacturing complex via launching a trade war against China and…

Loading

Read More

Oil Prices Jump as the US, Iran Trade Blows

By StevieRay Hansen

Experts believe that the market will self-correct as it did on multiple occasions in 2019 despite Mideast tensions US President Donald Trump’s decision to assassinate…

Loading

Read More

Bernanke Hints At Negative Rates, “Purchases Of Private Securities” To Fight Next Recession

By StevieRay Hansen

…We can’t rule out the possibility that, at some point in the next few years, our economy will slow, perhaps significantly. How would the Federal Reserve…

Loading

Read More

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 Comment