Sam Bankman-Fried could face scrutiny from prosecutors over FTX’s bankruptcy and a Super Bowl ad in next month's trial.
Bankman-Fried wants to"preclude any evidence whatsoever of the bankruptcy of FTX and Alameda and of the defendant's resignation as FTX’s CEO," the Justice Department said in a filing made late on Friday.
Prosecutors argued that evidence regarding FTX's bankruptcy as well as Alameda should be admissible at trial because the bankruptcy is tied to misappropriating customer funds and to"complete the story" of Bankman-Fried's alleged crimes. Bankman-Fried’s lawyers said the evidence would be confusing the jury because it would give the impression that their client is being charged with defrauding U.S.-based customers of FTX.US.
"The actual advertising materials and public statements that the defendant authorized similarly make no such distinction: celebrities are featured in advertisements describing 'FTX' as 'a safe and easy way to get into crypto' and showing customers using a device displaying the FTX logo, not the FTX.US logo," prosecutors said.
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