Key Points

  • SkyBridge founder Anthony Scaramucci has criticized the decision by Sam Bankman-Fried’s defense to allow him to take the stand.
  • He says that the prosecutors will exploit weaknesses in his story and end up with a longer sentencing.

Anthony Scaramucci, the SkyBridge Capital founder, has voiced his opinions on the ongoing FTX case, saying Sam Bankman-Fried has run out of means to “out-fox” regulators. He added that the ex-CEO of the fallen exchange will be “skinned alive by the regulators.

Sam Bankman-Fried to take the stand in his trial case

In an Oct. 25 interview with CNBC, Anthony Scaramucci voiced his opinions on the ongoing case against FTX founder and EX-CEO Sam Bankman-Fried, saying that the Department of Justice will refer to all the contradictions he made, adding years to his eventual sentence.

He stated that the move by his defense to allow him to take the stand in his criminal trial is a “very bad move” as the prosecutors will have the chance to skin him alive without much resistance.

“He’s going to get skinned alive; there’s no way to escape. He thinks he will out-fox the prosecutors, but they’re very well experienced with this stuff.”

He added that he believes that Sam Bankman-Fried’s failed ambitions and excessive urge to out-trade everyone is the end of him. FTX Ventures had acquired a stake of 30% in SkyBridge, which the company is now trying to buy back from the now-bankrupt exchange. 

However, only a little development has happened, as the exchange might be re-launched. Keep watching Fintech Express for more updates on this and other Fintech-related developments.