U.S. Attorney: SBF's intent to repay misused or fraudulently obtained funds cannot be used as a defense

SBF's attorneys and U.S. attorneys have submitted revised jury referral proposals to District Judge Lewis A. Kaplan for consideration in criminal cases against SBF. In a letter submitted to the judge on Thursday, prosecutors asked the judge to direct that the defendant's (SBF) intent to repay misused or fraudulently obtained funds cannot be used as a defense. "During the trial, the defense attempted to present evidence and arguments that showed that the defendant's misuse of FTX customer funds did not constitute a crime because he believed he could eventually reimburse the customer," the prosecutor wrote. " The Ministry of Justice also stated that, as previously stated by the court, "it does not legally matter whether the defendant intends to repay the misused funds, as the defendant's guilt was 'complete' in the case, which was described in this case as 'misconduct and fraud with direct intent.'" (Block) Earlier today, the U.S. Department of Justice instructed the court to a jury, stating in the document that "the defendant emphasized his philosophy, which he referred to as 'effective altruism' in some public statements to assert that his business decisions were made out of a desire to contribute to the world." However, this type of argument is not a defense against fraud or other criminal charges, which the court has accepted several times. "#BountyCreator #ContentStar #GateioBountyCreator #NewsMessenger #HotTopicDiscussion #MyFancyCreator #GateLive #ContentMining