Sam Bankman-Fried “SBF” cannot blame his company FTX’s [FTT] counsel in the opening remarks, the presiding judge ruled. The criminal trial against SBF begins in a Manhattan federal court on 2 October. On 1 October, Judge Lewis Kaplan ruled that SBF and his legal team cannot use the “advice of counsel” argument to defend his decisions as the CEO — at least, not in the beginning. The judge ruled that permitting this argument would risk prejudicing the jury from the beginning itself. However, SBF can make the said argument at a later stage of the trial.
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