>> One decision for Kaplan is whether Bankman-Fried will be allowed to blame FTX lawyers when the jury is back in the courtroom. As we previously wrote, this is called an "advice-of-counsel defense" in which SBF could argue that he sought advice from company lawyers, received advice that his conduct was legal, and "relied on that advice in good faith."
[0] https://arstechnica.com/tech-policy/2023/10/sam-bankman-frie...
Once that's on the the table, then you need to have asked the lawyers: can we do this? And then you need a clear response from the lawyers (i.e. a memo) saying: "Yep!"
SBF's testimony, peeling away some of the word haze, amounts to: "I think the lawyers were loosely aware of at least some of this stuff and I don't exactly remember them telling me we couldn't do it." That's miles short of the standard (Kaplan-summarized) test.
https://storage.courtlistener.com/recap/gov.uscourts.nysd.59...
At the end of the hearing, the defense attorney decided they weren't going to proceed with that defense, and instead go with the general defense of, uh, SBF thought the lawyers were telling him this was all kosher, so it can't be fraud.
In any case, he is actually testifying in his defense in front of the jury today, and Monday, and likely Tuesday. Based on this hearing, when he goes into cross-examination, the prosecutor is going to open him up and completely eviscerate him, with SBF happily handing the prosecutor the surgical tools to do so.
If you weren't aware of this consider it an awakening. One of the best ways to beat somebody in court is not to have a stronger argument but to prevent them from presenting evidence.
I'm curious whether or not this kind of thing was what the Constitution's authors had on mind.
(I've also heard that the meaning of "peers" has changed, but no idea if that's really true.)