Sam Bankman-Fried judge cracks jokes, loses patience with defense at FTX trial
© Reuters. FILE PHOTO: U.S. District Judge Lewis Kaplan presides over the fraud trial of Sam Bankman-Fried over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 3, 2023 in this courtroom sketch. REUTERS/Jane
The trial, in which Bankman-Fried is seeking to defend himself from charges of stealing billions of dollars from customers of his FTX cryptocurrency exchange, is far from the first high-profile matter the 78-year-old Bill Clinton appointee has overseen recently. Once testimony was underway, after prosecutors showed jurors an FTX television advertisement in which the star football quarterback Tom Brady called FTX the"safest and easiest way to buy and sell crypto," Kaplan deadpanned:"Just to make sure we're all complete, who is Tom Brady?"
On Thursday, after defense lawyer David Lisner asked prosecution witness Matt Huang - who runs a venture capital firm that lost $278 million on FTX - multiple times about his decision to invest in FTX despite its lack of a board of directors, Kaplan asked lawyers for both sides to approach the bench.
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