Judge Kaplan has issued an order concerning the petitions but it’s yet to be available to the public.
On Tuesday, Sam Bankman-Fried and his attorneys submitted two petitions to Judge Lewis Kaplan relating to important details in the ongoing trial of their client.
Sam Bankman-Fried lawyers submit letters
There were two letters addressing separate issues.
The first letter was a petition to the court concerning their client’s involvement in the auto-deletion policies at Alameda Research.
The letter hits on whether Caroline Ellison, who was the CEO of Alameda, was aware that the policies were as a result of legal oversight, which suggest that their client had no bad intent with the policies.
Testimony from Ellison on Tuesday pushed the bulk of the blame to Sam Bankman-Fried, who was also her ex-boyfriend. She noted that billion-dollar decisions were the ultimate reserve of Bankman-Fried despite her overseeing day-to-day operations.
She explained that her boss had an unquenchable appetite for risk, causing him to greenlight a $3B venture investment and another $2B venture fund under the aegis of FTX.
Read more: US DOJ: Lack of crypto laws doesn’t affect the validity of charges against SBF
Anthropic AI
Last Sunday, the prosecution petitioned the court to block Sam Bankman-Fried lawyers from bringing up their client’s $500M investment in Anthropic AI.
The government claimed that the relevance of the investment was inconsequential despite it growing substantially since FTX crashed. To them, the investment was sourced from stolen funds from FTX’s customers.
The foundation of the defense’s argument is the conviction that the jury needs the Anthropic investment’s context to make an informed decision. The defense is making an effort to dispel these allegations because presenting Bankman-Fried’s financial decisions as impulsive has been a cornerstone of the prosecution’s strategy.
“Here, the significant appreciation in Anthropic since last year reflects this important context and is relevant to testimony that the Government has elicited from Ms. Ellison concerning expected value analyses,” the letter reads.
Judge Kaplan has issued an order concerning the petitions but it’s yet to be available to the public.
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