Inside SBF Trial: In Bankman-Fried Prosecution Endgame, Can Sun in from Japan with NPA Says He Was Shocked Crypto Creeps

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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. 

Boroujerdi questioned by AUSA Rehn, court art courtesy of Elizabeth Williams to Inner City Press

    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.

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