| In
Bankman-Fried
Trial Can Sun
in from Japan
with NPA Says
He Was Shocked
Crypto Creeps
by
Matthew Russell Lee, Patreon Book
Substack
LITERARY SDNY,
Oct 19 -- Nineteenth day of
October and the prosecutors of
SBF put just two witnesses on
the stand. The first was
former General Counsel Can
Sun, in thousand dollar
glasses, fresh in from Japan
with a non-prosecution
agreement.
He was
shocked, he insisted, when he
learned that there were seven
billion dollars missing. Not
so shocked, however, that he
didn't do his lawyerly job and
provide Sam with alternate
plausible explanations of the
missing money.
Escheatment,
that was his big one. A longer
word for cheating? No, the
seizure of dormant cash.
Natch.
Next
and last before the weeklong
break was the head of Third
Point in Hudson Yards, one
Boroujerdi. He had stayed up
late in his NYC apartment to
talk to Sam by Zoom from Hong
Kong about the risk engine.
He
insisted he never would have
invested if he'd known Alameda
was exempt from it. There was
virtually no cross
examination.
Kurt Wheelock went to start
writing up the story, such as
it was - then realized the
parties were still in the
courtroom. He rushed back up,
but the door was being locked.
He waited outside.
Later one of the defense team
came out and joked that it had
only been about a mis-numbered
exhibit. Oh and that Sam was
getting his meds. Would he be
testifying next week? Their
Request to Charge left it both
ways.
More on this on
Substack here
More book sample
on Substack here.
Extended on Patreon here.
Book here
***
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