I really don't understand what the big deal is with "Do you remember saying 'these precise words'?" - "No, but it sounds like something I could have said." Given how human memory works, that should be the honest answer for everything anyone ever said more than 5 minutes ago. Why does the article turn this into a major gotcha?
Saying that it sounds like something you could have said opens the floodgates to why you could have said it. In this case, "Yeah, I could have admitted to a crime" is a quick way to go to jail.
So is saying you don't recall. Which is why people don't take the stand in their own defense. But scammers like SBF make their living off of being in front of people in hopeless situations, and finding a way to convince them. So of course they want to roll the dice. Which he did.
Unfortunately for scammers like SBF, courtrooms and lawyers are well-equipped to handle most of the tricks that scammers use. So the result of their testifying is like a street tough entering a BJJ gym and learning the hard way that chokeholds actually work.
You don't recall anything you said more than 5 minutes ago? Even from prepared statements in court, or in rehearsed public speaking situations, or in one-off conversations with celebrity podcast hosts? I would suggest you see a doctor because that's not normal at all.
SBF did hundreds of celebrity podcast interviews. It is in no way surprising to not remember quotes from them. That doesn't mean it's true, but it easily could be.
Yes, not a lawyer so maybe theres some nuance here but..
I don't get taking the stand voluntarily to just say "I don't recall" endlessly?
At some point does the judge tell you to GTFO and strike all your testimony? Can they instruct the jury in some manner harmful to you as a result of your obvious malign intent? Etc..
If SBF doesn't go down & spend time behind bars, its going to open the gates to a lot more fraud.
SBF did things that would make even the worst Wall St actors from the GFC blush. No arcane accounting/valuation rules, risk models, capital requirement arb, regulatory capture, misaligned incentives, loose prop trading rules.. letter of law vs spirit of law stuff, etc.
SBF committed the most open, direct, simple to understand version of all the fraud people imagined behind the GFC. Primarily he moved a substantial portion of customer deposits into prop trading accounts and then lost the money by trading poorly.
He literally lied about things like having insurance, seemingly didn't keep any true books & records (and asked for 7 variations of a balance sheet to find one that looked least bad).
You have emails where his dad that he hired as legal is approving transfers of customers money for uses like buying his parents a condo, lol.
I remember an answer from Quora about how lawyers handle such a witness on cross-examination: They say, “well, we have this evidence from the time saying you did/said XYZ. So you’re saying you can’t think of anything that would contradict that account?”
>I don't get taking the stand voluntarily to just say "I don't recall" endlessly?
He's taking the stand (which is a risk) because his lawyer asks him questions that are favorable to him. The risk comes in because the prosecutor gets to cross examine the witness, which is where all this recall stuff came from.
But isn't it "too smart by half" kind of move?
Clearly the prosecution is quite good, and clearly SBF is quite guilty.
He is going to get dragged through the mud having to respond "I dont recall" to a litany of embarrassing questions.. both because the lawyer is good and because he did lots of embarrassing things, openly..
I haven't been following this specific case, so take that for what it's worth.
>He is going to get dragged through the mud having to respond "I dont recall" to a litany of embarrassing questions..
Yes, but he isn't admitting to anything, confirming anything for the prosecution, or saying anything incriminating either and that's the trap of the cross examination when taking the stand.
I agree that agreeing to be questioned and then saying you don't recall endlessly is mostly absurd.
However, you know he has gone through hours of very recent prep with his defense lawyers about the specific questions he'll be asked by the team. So, it's not exactly fair to accuse him of having perfect recall for his defense lawyer's questions and not as much for the prosecution.
Surely the defense team would game theory the case and prepare for likely prosecution questions. Those are the hardest ones for which you need to prepare.