experts say that Sam Bankman-Fried might risk testifying in his criminal trial.
Bankman-Fried is the CEO of FTX, a cryptocurrency exchange. He is facing criminal charges of fraud and market manipulation.
Bankman-Fried has not yet been convicted of any crime. However, if he is found guilty, he could face up to 115 years in prison.
Experts say that Bankman-Fried might risk testifying in his trial because he could be asked to answer questions about his business practices and his knowledge of the cryptocurrency market. If he answers these questions honestly, he could potentially incriminate himself.
However, if Bankman-Fried refuses to testify, he could be held in contempt of court and sentenced to jail.
Bankman-Fried’s lawyers are likely to advise him against testifying. However, Bankman-Fried may decide that he has no choice but to testify if he believes that it is the best way to defend himself.
Here are some of the potential risks that Bankman-Fried could face if he testifies in his criminal trial:
He could incriminate himself by admitting to wrongdoing.
He could be impeached by the prosecution if he is caught lying on the stand.
He could be convicted of perjury if he is found to have lied under oath.
Bankman-Fried’s lawyers will need to carefully weigh the risks and benefits of testifying before they make a decision.
Ultimately, the decision of whether or not to testify is up to Bankman-Fried. He will need to decide whether he believes that the risks of testifying are outweighed by the potential benefits.