FTX Founder Will Get ‘Skinned Alive’ by Prosecutors: Scaramucci

2023-10-26 07:42:45

Skybridge Capital’s Anthony Scaramucci said that the FTX founder will “get skinned alive” by prosecutors.
Scaramucci said that SBF Bankman-Fried cannot “out-fox” the DoJ prosecutors
He added that the prosecutors are “very, very well experienced with this stuff.”
SBF will testify in his own criminal trial, which was put on hold on Oct. 19 and will resume on Oct. 26.

Sam Bankman-Fried, also known as SBF in the digital asset sector and the founder of the now-bankrupt crypto exchange FTX, cannot “out-fox” the government prosecutors as they will ruthlessly poke holes in the disgraced crypto entrepreneur’s testimony when he takes the stand in his own criminal trial, claims the founder of a global investment firm based in New York, Anthony Scaramucci

Talking to CNBC in an interview on “Last Call,” Scaramucci stated that the Department of Justice (DoJ) prosecutors will “point out all the contradictions” in the testimony provided by the FTX founder, and this will “add years to his sentence.” Interestingly, multiple industry players believe that addressing the jury and providing his testimony will worsen SBF’s case

“He’s gonna get skinned alive, there’s no way to escape. He thinks he’s going to out-fox the prosecutors but they’re very, very well experienced with this stuff,” Scaramucci noted.

Scaramucci, who served as the White House Director of Communications in 2017, added that there’s been a “whole revision of history” on the FTX founder. He noted that almost a year ago, SBF was described as a “congenial nerd who was going to give all his money away,” but his trial, which saw testimonies from former utives, confirmed that “there was malevolence.”

“He thought he was going to take that money and he was so smart that he would out-trade the market and put the money back and end up as a half-a-trillionaire but it never works like that,” said Scaramucci.

As reported earlier by Bitnation, Scaramucci believes that the former CEO of FTX “really hurt the crypto space” and also embarrassed a lot of politicians who spent time with him, including Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC)

It is crucial to note that SBF is set to take the stand in his own trial and will be cross-examined by the prosecutors. His trial was put on hold on October 19 and is scheduled to resume on October 26

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