April 19, 2024
12 People to Determine Former FTX CEO Sam Bankman-Fried's Destiny
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12 People to Determine Former FTX CEO Sam Bankman-Fried’s Destiny

The jury selection process for the trial of former FTX CEO Sam Bankman-Fried took place on October 4th in Manhattan, resulting in a panel of 12 individuals who will ultimately decide his fate. The jury members were chosen from a pool of 45 prospective jurors.

During the selection process, each potential juror was given one minute to introduce themselves, sharing information about their background, age, employment, education, relationship status, and children. Notably, one prospective juror mentioned that his wife had worked for a law firm that had provided services to FTX in the past, although it’s unclear whether he was selected.

Another prospective juror was reportedly excused after revealing her affiliation with a firm that had investments in FTX and Alameda Research.

After these initial introductions, District Court Judge Lewis A. Kaplan discussed the jury selection with both the prosecutors and Bankman-Fried’s defense lawyers. The final 12 jury members were revealed about 15 minutes later, resulting in a panel dominated by women, with nine female jurors and three male jurors.

The jury members’ ages range from the early 30s to the late 60s, and they come from various professional backgrounds, including healthcare, finance, law, information technology, and education. Five of the jurors have received a university education.

Here is the full list of jurors:

  1. A man in his late 60s, a former investment banker at Salomon Brothers who completed his MBA at Stanford University.
  2. A 59-year-old man who didn’t disclose his occupation but mentioned his company is currently facing legal action. He has served as a juror in the past.
  3. A 61-year-old man employed by the United States Postal Service, with no spouse or children, who has previous jury experience.
  4. A 39-year-old pregnant woman working as a physician assistant has also been a medical missionary in the Dominican Republic and is married to a web developer.
  5. A middle-aged woman with experience in nonprofits and fundraising who previously studied at Duke University.
  6. A 50-year-old woman working as a train conductor and mother of five children, two of whom have been convicted of crimes.
  7. A 65-year-old retired corrections officer.
  8. A 33-year-old woman working as a nurse in Westchester, New York, with previous education at the State University of New York, Binghamton.
  9. A 40-year-old unemployed woman with a social work background who previously studied at Princeton University and Columbia University.
  10. A woman employed at a school in the Bronx, New York, who previously studied at the University of Buffalo and Syracuse University.
  11. A woman working in advertising with an 18-year-old daughter and a 12-year-old son.
  12. A 55-year-old woman working as a special education teacher in Rockland, New York.

Following the jury selection, there was a 15-minute opening statement delivered by the prosecutors and defense. Testimonies from Marc Julliard, a Cocoa broker who lost approximately $80,000 to FTX, and Adam Yedidia, Bankman-Fried’s former close friend, were heard before Judge Kaplan adjourned for the day.

Bankman-Fried’s criminal trial is expected to span six weeks, during which he will face seven fraud-related charges stemming from his role as the CEO in FTX’s sudden collapse in November.

Image by storyset on Freepik

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