Federal prosecutors in the ongoing fraud trial of former FTX CEO Sam Bankman-Fried have asked a judge to exclude any discussion of Bankman-Fried’s investment in Anthropic, an artificial intelligence company.
This request comes in light of recent media reports about Anthropic fundraising from tech giants Google and Amazon, which may benefit victims of the FTX collapse.
Creditors are optimistic about Anthropic’s investment
Recent reports indicated that Anthropic is set to receive billions in funding from Google shortly after announcing a similar investment from Amazon. The news ignited optimism among FTX’s creditors, as Sam Bankman-Fried was a prominent investor in the company.
Creditors hope that Anthropic’s newfound wealth, due in part to these investments, will help the financial recovery of victims of the FTX collapse. However, while creditors are celebrating this development, it has raised concerns in the courtroom.
According to movement foot By Assistant U.S. Attorney Thein Wren On October 8, Sam Bankman-Fried was prohibited from raising the subject of Anthropics during his ongoing fraud trial. Citing an earlier ruling by Judge Louis A. Kaplan, Wren argued that such evidence would be “entirely irrelevant” to the case and could pose “a significant risk of unfair prejudice, confusion of the issues, misleading the jury, undue delay, and wasting time.” “.
Prosecutors move to exclude Anthropy
Plaintiffs believe that presenting the current value of FTX’s investment in Anthropic is unnecessary in court. They say this information is irrelevant to the case and could support the defence’s argument, already rejected by the court, that the victims would be compensated, a point the judge had previously ruled out.
This argument is supported by precedent in a similar case. The court granted the government’s uncontested motion to bar the defense from discussing assets recovered in the FTX bankruptcy case. The goal was to prevent any suggestion to the jury that the victims would receive full compensation.
In light of these developments, the prosecution seeks to halt the presentation of Anthropic’s investment value at trial to prevent any possibility of undue bias, confusion or waste of time.
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