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This is the SBF on Trial podcast and here are the Updates from the Sam Bankman-Freed trial:
Jury selection began on Tuesday, October 3, 2023, and is expected to last several days. The trial itself is expected to last up to six weeks.
Bankman-Freed is facing seven counts of fraud and conspiracy, including wire fraud, money laundering, and securities fraud. He is accused of defrauding FTX customers and investors by misrepresenting the company's financial condition and using customer funds to prop up his hedge fund, Alameda Research.
Bankman-Freed has pleaded not guilty to all charges. His lawyers have said that he made mistakes but did not commit any crimes.
The prosecution is expected to call a number of witnesses, including former FTX employees, customers, and investors. The defense is also expected to call witnesses, including experts on cryptocurrency and financial markets.
The trial is being closely watched by the cryptocurrency industry and by financial reg
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