The 31-year-old is accused of lying to investors and lenders and stealing money from customers of his now-bankrupt cryptocurrency exchange, FTX.
Mr Bankman-Fried, who could testify as early as Thursday, denies the charges.
Mr Bankman-Fried, who could testify as early as Thursday, denies the charges.
Defendants in the US are not obliged to testify during trials – and are often advised against doing so, since it opens them up to questioning by prosecutors.
It also gives members of the jury that will decide the case a chance to form their own impressions, which might not be favourable.
“If the jury does not believe him, it’s a guaranteed conviction,” Jacob Frenkel, a former federal prosecutor who has been following the trial told the BBC earlier this month.
Despite the risks, many analysts following the trial had expected the former entrepreneur to take the stand to offer his own version of events and try to undermine the story presented by prosecutors.
“The prosecutors have put on a pretty strong case,” said Carl Tobias, law professor at the University of Richmond “I don’t know that there’s much downside in this case for him to testify given what we’ve seen so far.”
Mr Bankman-Fried, who could testify as early as Thursday, denies the charges.
The 31-year-old is accused of lying to investors and lenders and stealing money from customers of his now-bankrupt cryptocurrency exchange, FTX.
Defendants in the US are not obliged to testify during trials – and are often advised against doing so, since it opens them up to questioning by prosecutors.
Mr Bankman-Fried, who could testify as early as Thursday, denies the charges.
Mr Bankman-Fried, who could testify as early as Thursday, denies the charges.
Defendants in the US are not obliged to testify during trials – and are often advised against doing so, since it opens them up to questioning by prosecutors.
It also gives members of the jury that will decide the case a chance to form their own impressions, which might not be favourable.
“If the jury does not believe him, it’s a guaranteed conviction,” Jacob Frenkel, a former federal prosecutor who has been following the trial told the BBC earlier this month.
Despite the risks, many analysts following the trial had expected the former entrepreneur to take the stand to offer his own version of events and try to undermine the story presented by prosecutors.
“The prosecutors have put on a pretty strong case,” said Carl Tobias, law professor at the University of Richmond “I don’t know that there’s much downside in this case for him to testify given what we’ve seen so far.”
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