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Sam Bankman-Fried Seeks Permission to Question FTX Co-Founder Gary Wang's Reliance on Legal Advice in Loan Arrangements

Sam Bankman-Fried's lawyers have requested permission from Judge Lewis Kaplan to question FTX co-founder Gary Wang about his reliance on legal advice when agreeing to loans from Alameda Research. The letter seeks carve-outs from the judge to allow Bankman-Fried to argue that lawyers' involvement shows he did not realize the loans were improper.

Wang's understanding that the loans were structured by lawyers and memorialized in formal promissory notes with real interest payment obligations is relevant to rebut the inference that they were simply sham loans. Bankman-Fried has pleaded not guilty to fraud charges related to the collapse of the crypto exchange in November 2022.

FTX Sam Bankman-Fried
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