December 27, 2024

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12 people will decide the fate of former FTX CEO Sam Bankman-Fried

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12 people will decide the fate of former FTX CEO Sam Bankman-Fried

A pregnant physician’s assistant, a train conductor and a retired investment banker are reportedly among the 12 individuals who will eventually decide on the fate of former FTX CEO Sam Bankman-Fried.

As per a report from Cointelegraph’s on-the-ground reporter Ana Paula Pereira, the 12 jurors were narrowed down from a list of 45 on Oct. 4, the second day of trial in Manhattan.

The potential jurors were each given a minute to introduce themselves by sharing their background, age, employment, education, relationship history and children.

Pereira noted that one prospective juror said his wife worked for a law firm that provided services to FTX in the past — though it isn’t clear whether he was selected.

One prospective juror was reportedly excused after revealing she worked for a firm that invested in FTX and Alameda Research,

After the jury members were selected, a 15-minute opening statement was delivered by the prosecutors and defense. Testimonies from Marc Julliard, a Coca broker who lost about $80,000 to FTX, and Adam Yedidia, Bankman-Fried’s former close friend, were then heard before Judge Kaplan called it a day.

Bankman-Fried’s criminal trial is expected to take place over six weeks. He is facing seven fraud-related charges for his role as CEO in FTX’s shock collapse in November.

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