Fun

News Feed - 2023-09-01 08:09:37

Helen Partz12 hours agoFTX founder’s expert witnesses could cost up to $1.2K an hourSam Bankman-Fried’s potential expert witnesses could charge more than the U.S. prosecution witnesses, according to court filings.3492 Total views88 Total sharesListen to article 0:00NewsJoin us on social networksAs the start date of the trial of FTX co-founder Sam “SBF” Bankman-Fried approaches, new court filings indicate that SBF could pay his expert witnesses more than $1,000 an hour should they testify on his behalf.


SBF may call seven expert witnesses to testify at his fraud trial, which is currently scheduled for Oct. 2, 2023. The proposed expert witnesses include Lawrence Akka, Thomas Bishop, Brian Kim, Joseph Pimbley, Bradley Smith, Peter Vinella and Andrew Di Wu.


Some of the witnesses, such as former Federal Election Commission Chairperson Bradley Smith, will charge SBF’s legal team $1,200 an hour to testify about issues such as the United States’ campaign finance laws and straw donors, according to a court filing on Aug. 28.


“I have no financial interest in the outcome of this case. I am being compensated for my time and services on an hourly basis at the billing rate of $1,200 per hour,” Smith said in the filing. The document added:“My compensation in this case is not in any way contingent or based on the opinions presented herein or on the outcome of these legal proceedings.”


Other expert witnesses, including Akka and Pimbley, could charge 800 British pounds ($1,000) and $720 per hour, respectively, should they testify, according to the court filings. Other hourly rates for SBF’s potential expert witnesses range between $400 and $650.


On the other hand, Peter Easton, an accounting professor at the University of Notre Dame, who is a proposed witness for the prosecution, will charge $1,175 per hour, the court data shows.


The above-mentioned court filings came as part of a motion by the U.S. Department of Justice (DOJ) to ban all seven expert witnesses from testifying for SBF in court.


The DOJ argued that Bankman-Fried’s proposed experts and their accompanying disclosures “suffer from an array of deficiencies” and fail to provide a basis for the opinions.


Related:DOJ calls SBF’s fraud allegation defense ‘irrelevant,’ requests additional info


“Where the defendant does disclose the expert’s opinions, the opinions are inappropriate subjects for expert testimony, lack a reliable methodology or basis in facts and data, or are irrelevant, unfairly prejudicial, and confusing to the jury,” the authority wrote.


The news comes amid the last deadline for SBF to request a postponement of the trial. If the request is filed by Sept. 1 and approved, SBF’s trial will be moved to March 11, 2024.


Bankman-Fried faces 12 criminal charges, which will be spread across two trials scheduled to begin on Oct. 2, 2023, and March 11, 2024. He has pleaded not guilty to all counts.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Asia Express: Bitcoin miner gets life in prison, China offers bounties for crypto firms# Bitcoin# Law# Court# Sam Bankman-Fried# FTX# RegulationAdd reactionAdd reactionRead moreWhat is profit and loss (PnL) and how to calculate itMiCA: The good, the bad and the ugly of the EU’s crypto rulesWhen will it be too late to invest in Bitcoin?

News Feed

Japan’s Metaplanet plans 1B yen bond sale to buy more Bitcoin
Jesse Coghlan2 hours agoJapan’s Metaplanet plans 1B yen bond sale to buy more BitcoinIf it could buy the Bitcoin today, Metaplanet’s total Bitcoin holdings would be 241 Bitcoin, worth around $15 million.1097 Total vi
Leaked Pentagon War Game Shows Gen Z Using Bitcoin to Battle the Corrupt State
Leaked Pentagon War Game Shows Gen Z Using Bitcoin to Battle the Corrupt StateThe United States has been creating military simulations, otherwise known as ‘war games,’ f
Ethereum Price Holds Strong Above $2,400 — Is $2,650 The Next Stop?
Este artículo también está disponible en español. The crypto market has been under intense bearish pressure in recent days, with the Ethereum price falling by 6% in the p
‘Totally Irresponsible’ — Bitcoin Proponents Express Discontent Over Twitter’s Doge Logo Change
‘Totally Irresponsible’ — Bitcoin Proponents Express Discontent Over Twitter"s Doge Logo Change After the Twitter logo was changed from the original blue bird to a cartoon im
Crypto Super PAC Fairshake takes top funding spot, beats MAGA — OpenSecrets
Alex O’Donnell5 hours agoCrypto Super PAC Fairshake takes top funding spot, beats MAGA — OpenSecretsThe Coinbase-led advocacy group has raised upward of $202 million so far, according to the political donations resea
‘No Plan to Issue CBDC’ — Bank of Japan Governor
"No Plan to Issue CBDC" — Bank of Japan Governor Haruhiko Kuroda, the governor of the Bank of Japan (BOJ), has said the bank is currently not planning to launch a digital currenc
Decentralized Exchange Trading Volumes Remain Lackluster in the New Year, Uniswap Leads the Way with Daily Swaps
Decentralized Exchange Trading Volumes Remain Lackluster in the New Year, Uniswap Leads the Way with Daily Swaps According to statistics, decentralized exchange (dex) monthly tradi
Stablecoin USDC Launches on Hedera Network
Stablecoin USDC Launches on Hedera Network Circle announced today the launch of its trademark stablecoin USDC on top of the Hedera network. This action is part of the multichain co
Analyst Confirms Ethereum Golden Cross As ETH Surges Past $4,000 – Is Altseason In Sight?
Este artículo también está disponible en español. Ethereum (ETH) surged past $4,000 earlier today for the first time since March 2024. Having surpassed a key price level
MIND of Pepe And Other AI Agent Tokens Eye Market Domination
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Derek Andersen5 hours agoBinance v. SEC: Hearing in Washington DC over BAM motion to compel starts nowThe SEC claims Binance has been uncooperative despite the crypto exchange agreeing to a consent order on discovery in
David Attlee2 hours agoFirst deadline window looms for SEC to approve Bitcoin ETFs: Law DecodedEven if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval.3250 To