SBF Trial: Choose reprimands protection counsel in Ellison cross-examination

Sam Bankman-Fried’s former enterprise affiliate Caroline Ellison appeared as we speak for her third day of testimony within the former FTX CEO’s legal trial.

With prosecutors having wrapped their questioning of Ellison, Bankman-Fried’s counsel, Mark Cohen, started his cross-examination as we speak. Experiences from the within the courtroom, offered stay by New York media outlet Inner City Press, paint an image of a courtroom that’s bewildered and exasperated by Mr. Cohen’s techniques.

Cohen’s questions have been largely repetitive of supplies coated in prosecution’s examination. The prosecutions repeatedly challenged the relevance of the questions and engaged in a number of sidebars with the decide and the protection’s request. These interruptions led Choose Kaplan to precise his want to cut back the frequency of those sidebars, thereby sustaining the move of the proceedings.

Choose Kaplan reportedly expressed his astonishment on the type of interrogation, stating, “Mr. Cohen, I’ve by no means seen the cross of a cooperator finished like this.”

Ellison’s function at Alameda and her relationship with Bankman-Fried was a recurring theme within the cross-examination. Cohen’s line of questions highlighted variations of their danger tolerance, enterprise imaginative and prescient, and even private kinds. Their contrasting views on the blockchain challenge Solana, FTX’s enterprise mannequin, and their distinct stress administration kinds have been introduced into the highlight.

Cohen’s line of questioning additionally targeted on the administration of Alameda’s funds, the implications of their enterprise mannequin, and the utilization of their loans. Based on Ellison, the construction which Alameda employed, whereas being likened to a hedge fund, had benefits over conventional hedge funds attributable to its flexibility.

Caroline Ellison is among the many authorities’s star witnesses in its case in opposition to Bankman-Fried. Her testimony is ongoing at press time.

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