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Home » The Jury of Twelve: Sam Bankman-Fried’s fate hangs in the balance
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The Jury of Twelve: Sam Bankman-Fried’s fate hangs in the balance

By MarkOctober 5, 2023
The Jury of Twelve: Sam Bankman-Fried's fate hangs in the balance
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In a pivotal courtroom drama, the fate of former FTX CEO Sam Bankman-Fried now rests in the hands of a diverse group of 12 jurors, meticulously chosen from a pool of 45 prospective individuals. This crucial selection process took place on October 4, during the second day of the trial in Manhattan.

Each prospective juror was granted a minute to introduce themselves, revealing their backgrounds, ages, professions, educational backgrounds, relationship statuses, and parenthood. Notably, one individual mentioned that their spouse had previously worked for a law firm that had provided services to FTX in the past, although it remains unclear whether this person ultimately made it onto the jury.

However, one prospective juror was excused from duty after disclosing their association with a firm that had invested in both FTX and Alameda Research, as reported by Matthew Russell Lee from Inner City Press.

Following these initial introductions, District Court Judge Lewis A. Kaplan held discussions with both the prosecution and Bankman-Fried’s defense team before unveiling the final 12 members of the jury approximately 15 minutes later.

The composition of the jury, as reported on October 4 by Bloomberg and TechCrunch, leans significantly towards women, with nine female members and three males. Their ages span a wide range, from individuals in their early 30s to those in their late 60s, and their professional backgrounds encompass a diverse array of fields including healthcare, finance, law, IT, and education. Five of the jurors hold university degrees.

The complete list of jurors includes:

  1. A gentleman in his late 60s, a former Salomon Brothers investment banker, holding an MBA from Stanford University.
  2. A 59-year-old man currently entangled in a legal dispute via his company.
  3. A 61-year-old individual employed by the United States Postal Service.
  4. A 39-year-old expectant woman, working as a physician assistant, who previously served as a medical missionary.
  5. An individual in their prime years with a background in nonprofit work and fundraising, boasting an education from Duke University.
  6. A 50-year-old lady employed as a train conductor, also a mother of five children, two of whom have a history with the law.
  7. A 65-year-old retired corrections officer.
  8. A 33-year-old woman working as a nurse in Westchester, New York, who pursued her education at the State University of New York, Binghamton.
  9. A 40-year-old social worker currently without employment but holding degrees from both Princeton University and Columbia University.
  10. A woman working at a school in the Bronx, New York, who previously pursued her studies at the University of Buffalo and Syracuse University.
  11. A lady employed in the field of advertising, with an 18-year-old daughter and a 12-year-old son.
  12. A 55-year-old woman fulfilling the role of a special education teacher in Rockland, New York.

Following the jury selection, a 15-minute opening statement was presented by both the prosecution and the defense. Subsequently, the court heard testimonies from Marc Julliard, a cocoa broker who suffered significant losses with FTX, and Adam Yedidia, a former close friend of Bankman-Fried. Judge Kaplan adjourned proceedings for the day.

Bankman-Fried’s criminal trial is expected to unfold over a six-week period, with the CEO facing seven charges related to fraud stemming from FTX’s unexpected collapse in November. The jury’s deliberations will ultimately determine his fate in this high-stakes legal battle.

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