Sam Bankman-Fried Jury Includes Ex-Salomon Banker, Nurse, Teacher
Views: 2894
2023-10-08 01:17
A retired Salomon Brothers investment banker, a pediatric nurse and a special education teacher are on the jury

A retired Salomon Brothers investment banker, a pediatric nurse and a special education teacher are on the jury that will decide whether FTX co-founder Sam Bankman-Fried is guilty of a multibillion-dollar fraud.

Nine women and three men were empaneled as jurors on Wednesday in Manhattan federal court, a day after the selection process began. Six alternates were also sworn in. Opening statements in the trial began Wednesday afternoon.

Bankman-Fried is accused of using billions of dollars in customer deposits at FTX for speculative trading at the cryptocurrency exchange’s affiliated hedge fund, Alameda Research, as well as for luxury real estate and for political contributions. He has pleaded not guilty.

Read More: Bankman-Fried ‘Lied to the World,’ Told Truth to Girlfriend

Some members of the jury pool with experience with the crypto industry were excused from serving. These included a managing director at tech-focused private equity firm Insight Venture Partners, which invested in FTX. Another excused juror had said he couldn’t be impartial because he had become “fairly negative about crypto” over the past year.

Prospective jurors for federal trials in Manhattan are chosen at random from a pool of people who are registered to vote in Manhattan and the Bronx as well as Westchester, Putnam and Rockland counties.

These are the 12 jurors who have been selected to determine Bankman-Fried’s fate:

Subscribe to the Bloomberg Crypto newsletter for the latest updates and analysis as Sam Bankman-Fried’s trial continues.

--With assistance from Ava Benny-Morrison.

(Corrects story published Oct. 4 to fix characterization of Insight Venture Partners in fourth paragraph.)

Tags 7234z us 1824707d us 2006862d us alltop law 642682z us gen 321042z us cos 855016z us business latam gov 755636z us fin 776341z us industries 666476z us c us 1872413dhk us