WEBVTT - Bonus Episode: Bloomberg Daybreak

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<v Speaker 1>This is Tom Keene introducing you to the Bloomberg Daybreak podcast.

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<v Speaker 1>Every day, Nathan Hager, Karen Moscow, and Michael Barr bring

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<v Speaker 1>you a roundup of the top stories from Wall Street

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<v Speaker 1>to Washington and around the world. It's all on the

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<v Speaker 1>Daybreak podcast feed by six am each morning, and today,

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<v Speaker 1>for our Bloomberg Surveillance audience, we bring you a sample

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<v Speaker 1>of the show. Click the link in this description to

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<v Speaker 1>subscribe to the Bloomberg Daybreak Podcast on Apple, Spotify, or

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<v Speaker 1>anywhere you listen.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today.

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<v Speaker 3>We begin with a guilty verdict for Sam Bankman Free.

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<v Speaker 3>It took a jury less than five hours to convict

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<v Speaker 3>the FTX co founder of seven counts of fraud and conspiracy.

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<v Speaker 3>Bloomberg's June Grossow begins our team coverage.

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<v Speaker 4>It's not a surprise because the evidence against him was overwhelming.

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<v Speaker 4>And think, what did it is? Dam Makminfried took the

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<v Speaker 4>stand in his own defense, and when a defendant takes

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<v Speaker 4>the stand that way, the whole thing in the jury's

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<v Speaker 4>mind becomes a credibility game. How incredible do they find him.

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<v Speaker 3>Bloomberg's June Grosso says Sam Bankman Fried faces as much

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<v Speaker 3>as twenty years in prison on each of the most

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<v Speaker 3>serious charges. He'll be sentenced in March.

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<v Speaker 2>Well Nathan Bloomberg. The legal reporter Ava Benny Morrison was

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<v Speaker 2>in the courtroom during the verdict, and she continues our

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<v Speaker 2>team coverage.

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<v Speaker 5>He was pretty emotionless. He was asked to stand up

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<v Speaker 5>by the judge. When the jury delivered its verdict, he

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<v Speaker 5>faced the jury box. He held his hands in front

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<v Speaker 5>of him and it looked like he was tearing down

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<v Speaker 5>at the floor as the jury. As the fourth person

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<v Speaker 5>for the jury confirmed guilty to each of the seven charges.

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<v Speaker 5>He then sat back down. When the jury walked out

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<v Speaker 5>of the room. He was whispering with his lawyers. He

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<v Speaker 5>was nodding a lot while he wasn't very emotional. His

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<v Speaker 5>parents were how they were holding each other. His dad,

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<v Speaker 5>I'm doubled over at one point.

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<v Speaker 2>Bloomberg Legal reporter Ava Benny Morrison reports, Bankman's lawyer is

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<v Speaker 2>considering an appeal.

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<v Speaker 3>Hey Karen Bloomberg. Business Week investigative reporter Zeke Fox wrote

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<v Speaker 3>a book on ftx's crypto Rollercoaster, and he says bankmin

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<v Speaker 3>Freed struggled under cross examination.

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<v Speaker 6>When his own lawyer was questioning him, he had a

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<v Speaker 6>lot to say, but when the prosecution had there turned

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<v Speaker 6>a cross examine, he suddenly didn't remember anything. And in

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<v Speaker 6>one moment that was dramatic, I mean, especially for me.

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<v Speaker 6>The prosecutor asked her, as she asked him about the statement,

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<v Speaker 6>there was more leeway, and he said, I don't remember

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<v Speaker 6>saying anything like that. She whipped out a copy of

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<v Speaker 6>my book number go up and walked it over to

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<v Speaker 6>him like a hard copy, and was like turn to

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<v Speaker 6>page two twenty four.

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<v Speaker 3>In Bloomberg Business Week, Zeke Fox ads the conviction is

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<v Speaker 3>the first in a wave of legal action against crypto companies.

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<v Speaker 2>Nathan now to the other major trial happening in New York,

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<v Speaker 2>Donald Trump's two hundred and fifty million dollars civil fraud case.

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<v Speaker 2>The former president's two oldest sons took turns on the

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<v Speaker 2>witness stand, denying any role in preparing their company's financial records. Afterward,

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<v Speaker 2>Donald Trump Junior addressed reporters.

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<v Speaker 7>Before even having a day in court, I'm apparently guilty

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<v Speaker 7>of fraud for relying on my accountants to do wait

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<v Speaker 7>for it accounting.

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<v Speaker 2>Donald Trump Junior's brother Eric is set to continue testifying today.

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<v Speaker 2>Their sister Evonka will take the stand next week. She

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<v Speaker 2>lost an appeal to delay her testimony.

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<v Speaker 6>Well, Karen, we.

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<v Speaker 3>Now turn to the war in the Middle East. Secretary

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<v Speaker 3>of State Anthony Blinken is back in Tel Aviv.

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<v Speaker 8>We're determined that this conflict Nott spread and we'll be

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<v Speaker 8>talking to both the Israeli government partners in the region

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<v Speaker 8>about what all of us are doing to prevent that

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<v Speaker 8>from happening.

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<v Speaker 3>When Secretary of State b Lincoln's arrival comes. As ground

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<v Speaker 3>operations continue in Gaza, the Hamas run Health Ministry says

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<v Speaker 3>more than nine thousand Palestinians have died in the fighting.

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<v Speaker 3>Israel says seventeen if its soldiers have been killed.

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<v Speaker 2>Well, Nathan. The House has passed the Aid for Israel bill,

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<v Speaker 2>but Bloomberg's Ad Baxter reports it may have a troubled future.

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<v Speaker 9>This is a victory for House Speaker Mike Johnson, but

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<v Speaker 9>it looks as if it is dead to become law.

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<v Speaker 9>Senate Majority Leader Chuck Schumer has been saying taking funding

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<v Speaker 9>from IRS enforcement is a bad idea, and President Biden

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<v Speaker 9>is out saying if it were to hit his desk,

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<v Speaker 9>he would not sign it. House Speaker Johnson says it

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<v Speaker 9>will get done.

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<v Speaker 6>There is absolutely no equivocation here. We have to stay with.

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<v Speaker 9>Israel, and Republican Congressman Tom Cole says there are different

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<v Speaker 9>paths to get the aid.

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<v Speaker 8>We have a lot of unspent money.

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<v Speaker 9>We ought to use that toward a more important purpose,

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<v Speaker 9>and that's Israel. So the issue is far from settled.

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<v Speaker 9>Ed Baxter Bloomberg Radio.

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<v Speaker 8>Okay and thank you.

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<v Speaker 3>Turning the market. Shares of Apple are down more than

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<v Speaker 3>three percent. The world's most valuable company reported its fourth

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<v Speaker 3>straight sales decline, and it's warning holiday revenue will be

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<v Speaker 3>about the same as last year. Angelo Zeno, as senior

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<v Speaker 3>equity analyst at CFA Research.

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<v Speaker 10>It's not the most favorable landscape out there for PCs,

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<v Speaker 10>even though the broader PC landscape appears to have found

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<v Speaker 10>some sort of putting for the time being, but at

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<v Speaker 10>the end of the day, the consumer landscape is still

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<v Speaker 10>very challenging in.

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<v Speaker 3>Nature cfres angelo Zino says the results also suggest Apples

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<v Speaker 3>facing a decceleration in China.

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<v Speaker 2>Well Nathano the stocks on the move this morning. Shares

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<v Speaker 2>of DraftKings up seven percent. The sports betting operator reported

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<v Speaker 2>sales and player numbers that beat analysts expectations, Block shares

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<v Speaker 2>surging more than eighteen percent, the Payments Giant run by

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<v Speaker 2>Jack Dorsey, again boosting its profit forecast for the year,

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<v Speaker 2>and shares of Booking dropping as much as seven percent

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<v Speaker 2>in light trading. The company formerly known as Price Lines

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<v Speaker 2>as travel demand had been diminished by the Israel Hamas war,

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<v Speaker 2>and on.

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<v Speaker 3>The economic front, Karen a busy Week concludes with the

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<v Speaker 3>October Jobs Report, a preview of that now from Bloomberg's

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<v Speaker 3>Michael McKee.

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<v Speaker 11>FED chair J Powell says a tight labor market could

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<v Speaker 11>lead to another rate move, which means markets will partch

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<v Speaker 11>the October jobs report trying to determine what it signals.

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<v Speaker 11>Is hiring still much stronger than what's needed to absorb

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<v Speaker 11>an increasing labor force. Have higher interest rates led companies

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<v Speaker 11>to pull back on hiring or even start letting people go.

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<v Speaker 11>Our company is still paying up to attract workers, while

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<v Speaker 11>the FED we'll also see the November payrolls report before

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<v Speaker 11>its next meeting. Powell says it will take several months

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<v Speaker 11>of data to make any decisions. Michael McKee, Bloomberg Radio.

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<v Speaker 2>All right, Nathan, thank you. It is time now for

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<v Speaker 2>a look at some of the other stories making news

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<v Speaker 2>around the world. And for that we're joined by Bloomberg's

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<v Speaker 2>John Tucker, John, good morning.

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<v Speaker 12>And Karen. Something maybe rotten in the Big Apple. The

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<v Speaker 12>mayor's fundraising campaign is under investigation. Let's get more on

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<v Speaker 12>this report from Bloomberg's Michael Barr.

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<v Speaker 13>Mayor Adams ditched White House meeting on the migrant crisis

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<v Speaker 13>and flew back to the city that mayor explaining his

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<v Speaker 13>abrupt return.

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<v Speaker 8>But you probably heard the reports involved in one of

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<v Speaker 8>my campaign staffers.

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<v Speaker 13>Staffer is lead fundraiser, twenty five year old Branna Suggs,

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<v Speaker 13>whose Brooklyn home was raided by the FBI on along

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<v Speaker 13>with the officers of a New York construction firm called KSK,

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<v Speaker 13>it made fourteen thousand dollars in campaign contributions. The investigation

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<v Speaker 13>is looking into whether the company, along with Turkish nationals,

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<v Speaker 13>made improper donations in New York. Michael Barr Bloomberg Radio.

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<v Speaker 13>Adams was supposed to be with the mayors of Chicago

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<v Speaker 13>and Denver. It asked Congress to approve President Biden's request

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<v Speaker 13>at one point four billion dollars to help the cities

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<v Speaker 13>and states in the migrant crisis. Denver Mayor Mike Johnston,

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<v Speaker 13>We're both.

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<v Speaker 10>Grateful for what they've done.

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<v Speaker 14>It's critical for us that this package passes over the

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<v Speaker 14>next several weeks to get funding to cities, otherwise we'll

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<v Speaker 14>have catastrophic impacts.

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<v Speaker 12>The Democratic Mayor's trying to put pressure on the Bided

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<v Speaker 12>administration to address the humanitarian crisis caused by record crossings

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<v Speaker 12>at the southern border. The Senate had voted ninety five

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<v Speaker 12>to one to confirm Admiral Linda Franchetti to be the

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<v Speaker 12>next Chief of Naval Operations, making her the first woman

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<v Speaker 12>to be a US military service chief. Set of Majority

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<v Speaker 12>Lye Chuck Schumer and.

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<v Speaker 15>Admiral Fanchette is an exceptional leader with a distinguished career

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<v Speaker 15>serving our nation. I'm confident she has the experience, the skills,

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<v Speaker 15>and the vision to succeed as the US Navy's top

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<v Speaker 15>naval As the US Navy's top.

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<v Speaker 12>Officer, Franchetti's confirmation comes amid a temporary break from a

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<v Speaker 12>blockade by Senator Tommy Tubberville, stalling hundreds of military promotions.

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<v Speaker 12>Riding high on historic contract wins against Detroit's automakers. Uaputy

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<v Speaker 12>president Sean Faine is confident he can now take on

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<v Speaker 12>Tesla and it's Anta Union chief Elon Musk. In an

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<v Speaker 12>interview with Bloomberg yesterday, Fain said, we can beat anybody

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<v Speaker 12>global news twenty four hours a day and whenever you

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<v Speaker 12>want it with Bloomberg News Now. I'm John Tucker, and

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<v Speaker 12>this is Bloomberg.

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<v Speaker 2>Karen, right, John, Thanks, So we bring you news throughout

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<v Speaker 2>the day here on Bloomberg Radio. But now you can

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<v Speaker 2>get the latest news on demand whenever you want it.

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<v Speaker 2>Subscribe to Bloomberg News Now to get the latest headlines

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<v Speaker 2>at the click of a button. Get informed on your schedule.

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<v Speaker 2>You can listen and subscribe to Bloomberg News Now on

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<v Speaker 2>the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify,

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<v Speaker 2>and anywhere else you get your podcasts. Time now for

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<v Speaker 2>the Bloomberg Sports Update. Here's John stash Hour, John.

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<v Speaker 16>Karen Weick nine in the NFL Underway with an AFC

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<v Speaker 16>game in Pittsburgh. The Steelers and Titans were tied at ten,

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<v Speaker 16>then at thirteen, Pittsburgh trailed in the fourth quarter.

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<v Speaker 8>Ticket in the shotgut gets the snap looks right, the Ted.

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<v Speaker 13>Johnson wide open touchdown Pittsburgh. The Steelers bunch in ninety

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<v Speaker 13>two yards. Check take Tully.

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<v Speaker 9>That's theont Te Johnson's first touchdown.

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<v Speaker 13>And what a couple of seasons does.

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<v Speaker 16>Twenty Games TV had the calls. The Steelers beat the

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<v Speaker 16>Titans twenty to sixteen. Pittsburgh's five and three. Tennessee is

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<v Speaker 16>three and five. In Victor Weberanna's fifth NBA game, the

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<v Speaker 16>Spurs rookie Sensations scored thirty eight points. He had ten

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<v Speaker 16>rebounds some highlight reel baskets as the San Antonio Spurs

0:10:02.440 --> 0:10:05.120
<v Speaker 16>blew a twenty seven point lead but still beat Phoenix

0:10:05.120 --> 0:10:07.920
<v Speaker 16>won thirty two to one twenty one. Philadelphia's three to one,

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<v Speaker 16>one by fifteen over Toronto. Joel Mbiid scored twenty eight.

0:10:11.240 --> 0:10:14.440
<v Speaker 16>The Pelicans are four to one. They played without Zion Williamson. CJ.

0:10:14.520 --> 0:10:17.600
<v Speaker 16>McCollums scored thirty three and win over Detroit. Orlando won

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<v Speaker 16>by two at Utah. Palo Bankero scored thirty. The games

0:10:21.240 --> 0:10:24.200
<v Speaker 16>tonight in the NBA marked the beginning of the NBA's

0:10:24.400 --> 0:10:27.440
<v Speaker 16>in season tournament. The Bruins are nine to ozhoin one

0:10:27.520 --> 0:10:30.640
<v Speaker 16>they beat Toronto three two in a shootout. Nelson Cruz

0:10:30.640 --> 0:10:34.080
<v Speaker 16>announced his retirement at age forty three. Played nineteen seasons

0:10:34.080 --> 0:10:36.760
<v Speaker 16>for eight different teams, at four hundred and sixty four

0:10:36.760 --> 0:10:40.960
<v Speaker 16>home runs as expected World Series ratings, the lowest ever

0:10:41.800 --> 0:10:44.679
<v Speaker 16>one hundred and thirty baseball players will be free agents.

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<v Speaker 16>Heading the list show at AO time, John Stanshywer Bloomberg Sports.

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<v Speaker 8>From coast to coast, from New York to San Francisco,

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<v Speaker 8>Boston to Washington, DC, nationwide on SiriusXM, the Bloomberg Business

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<v Speaker 8>app in Bloomberg dot com. This is Bloomberg Daybreak.

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<v Speaker 3>Good morning, I'm Nathan Hager. Guilty on all counts after

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<v Speaker 3>a month long trial, Sam Bankman Freed is convicted in

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<v Speaker 3>one of the biggest cases of financial fraud in decades

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<v Speaker 3>over the collapse of his FTX crypto empire. For more

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<v Speaker 3>reaction to this outcome, we are joined now by Bloomberg

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<v Speaker 3>Law host June Grosso. It's good to have you back

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<v Speaker 3>with us this morning. Of course, this came after more

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<v Speaker 3>than fifteen days of testimony that this jury heard. In

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<v Speaker 3>the end, though it did take only about five hours

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<v Speaker 3>for those jurors to come back with a verdict. Your thoughts, Yeah, it.

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<v Speaker 4>Was a very quick verdict. I think that the evidence

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<v Speaker 4>in this case was overwhelming. The prosecution had not only

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<v Speaker 4>documents that they could present, but they also had three insiders,

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<v Speaker 4>three witnesses who were close friends of Sam Bankman Freed,

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<v Speaker 4>one a former girlfriend of his, who were in on

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<v Speaker 4>the process, in on what happened. And they testified and

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<v Speaker 4>their testimony was very, you know, conclusive, and the cross

0:12:11.800 --> 0:12:16.800
<v Speaker 4>examinations really didn't expose many holes in their testimony. And

0:12:16.880 --> 0:12:19.720
<v Speaker 4>you also had the fact that Sam Bankman Freed took

0:12:19.760 --> 0:12:23.240
<v Speaker 4>the stand, and when a defendant takes the stand, the

0:12:23.320 --> 0:12:27.760
<v Speaker 4>focus for the jury then becomes the credibility of that defendant.

0:12:28.320 --> 0:12:32.280
<v Speaker 4>And while he did pretty well on direct examination, on

0:12:32.400 --> 0:12:36.640
<v Speaker 4>cross examination, the cross examination was just withering and he

0:12:36.760 --> 0:12:40.800
<v Speaker 4>said I don't know or words to that effect more

0:12:40.840 --> 0:12:44.360
<v Speaker 4>than a hundred times. So I think that in this case,

0:12:45.240 --> 0:12:48.760
<v Speaker 4>his taking the stand, which was a risky move. Everyone

0:12:48.880 --> 0:12:50.920
<v Speaker 4>knows that it's a risky move for a defendant to

0:12:50.960 --> 0:12:53.280
<v Speaker 4>take the stand, and it worked against him.

0:12:53.280 --> 0:12:57.880
<v Speaker 3>Here, was that the biggest mistake that Sam Bankman Freed

0:12:58.000 --> 0:13:01.720
<v Speaker 3>made to take the stand, or or is there something

0:13:01.760 --> 0:13:04.160
<v Speaker 3>more that he could have done to try to rebut

0:13:04.240 --> 0:13:07.080
<v Speaker 3>that testimony from as you say, what used to be

0:13:07.200 --> 0:13:09.080
<v Speaker 3>his closest friends, his inner circle.

0:13:10.000 --> 0:13:11.480
<v Speaker 4>Well, you know, it's.

0:13:11.280 --> 0:13:11.920
<v Speaker 17>Hard to say.

0:13:11.960 --> 0:13:14.679
<v Speaker 4>I don't want to characterize it as a mistake really

0:13:14.760 --> 0:13:17.240
<v Speaker 4>because I don't know that he had any other choice.

0:13:17.840 --> 0:13:21.480
<v Speaker 4>The evidence against him, as I said, was building, building, building.

0:13:21.960 --> 0:13:26.760
<v Speaker 4>He had those those witnesses who turned against him, and really,

0:13:27.240 --> 0:13:29.640
<v Speaker 4>what else could he have done but take the stand.

0:13:29.760 --> 0:13:32.480
<v Speaker 4>He really had no other recourse. It was sort of

0:13:33.160 --> 0:13:35.480
<v Speaker 4>forced on him as the trial was going on, the

0:13:35.760 --> 0:13:38.480
<v Speaker 4>question will he take the stand or not? And the

0:13:38.679 --> 0:13:42.560
<v Speaker 4>analysis was, well, he has the kind of personality to

0:13:42.760 --> 0:13:44.520
<v Speaker 4>want to take the stand. I mean, look at all

0:13:44.520 --> 0:13:48.520
<v Speaker 4>the times he's talked in the media. But everyone knew

0:13:48.520 --> 0:13:52.040
<v Speaker 4>that on cross examination he was going to be confronted

0:13:52.120 --> 0:13:56.400
<v Speaker 4>with not only the testimony of the three people who

0:13:56.400 --> 0:14:00.679
<v Speaker 4>are closest to him at FTX and Alimeter Research who

0:14:00.760 --> 0:14:04.520
<v Speaker 4>turned on him, but also all the statements that he made,

0:14:05.200 --> 0:14:09.240
<v Speaker 4>all the times he talked to the media about FTX

0:14:09.360 --> 0:14:13.360
<v Speaker 4>after the bankruptcy. So but what else could he do?

0:14:14.040 --> 0:14:17.200
<v Speaker 4>It was it was a hail Mary pass and he

0:14:17.320 --> 0:14:21.480
<v Speaker 4>took it. But you know, the choice was really there

0:14:21.520 --> 0:14:24.640
<v Speaker 4>wasn't really wasn't much choice because it was so overwhelming

0:14:24.720 --> 0:14:27.800
<v Speaker 4>at that point that, you know, he had to take

0:14:27.840 --> 0:14:28.360
<v Speaker 4>the chance.

0:14:29.320 --> 0:14:32.280
<v Speaker 3>And there was, as you mentioned, so much overwhelming testimony

0:14:32.600 --> 0:14:36.560
<v Speaker 3>against him before he took the standard. Even before that testimony,

0:14:36.640 --> 0:14:40.440
<v Speaker 3>I mean, he lost a number of pre trial motions

0:14:40.480 --> 0:14:43.000
<v Speaker 3>that kept him from calling expert witnesses. And of course

0:14:43.040 --> 0:14:45.520
<v Speaker 3>there was that moment even before he was allowed to

0:14:45.560 --> 0:14:48.600
<v Speaker 3>testify before a jury, where he got on the stand

0:14:48.640 --> 0:14:51.880
<v Speaker 3>in front of the judge to argue for being allowed

0:14:51.880 --> 0:14:54.560
<v Speaker 3>to testify about advice from his lawyers. So I mean

0:14:54.600 --> 0:14:56.840
<v Speaker 3>he had a number of hands tied behind his back,

0:14:56.880 --> 0:14:57.960
<v Speaker 3>didn't he.

0:14:58.120 --> 0:15:01.680
<v Speaker 4>Yeah, I think you know so much. Many of the motions,

0:15:01.720 --> 0:15:04.720
<v Speaker 4>every big one that I can think of, the judge

0:15:04.800 --> 0:15:08.040
<v Speaker 4>ruled against him, and in particular, he was on the stand,

0:15:08.080 --> 0:15:13.160
<v Speaker 4>as you mentioned, about three hours testifying before the judge,

0:15:14.040 --> 0:15:16.640
<v Speaker 4>so the judge could decide whether or not he could

0:15:16.800 --> 0:15:19.600
<v Speaker 4>get used an advice of council defense, and that was

0:15:19.640 --> 0:15:23.280
<v Speaker 4>really critical to his defense his lawyers, and he wanted

0:15:23.280 --> 0:15:26.240
<v Speaker 4>to say that what he did he did because he

0:15:26.360 --> 0:15:29.160
<v Speaker 4>was relying on the advice of his attorneys, and the

0:15:29.280 --> 0:15:31.480
<v Speaker 4>judge said that he could not do that. I mean,

0:15:31.480 --> 0:15:35.200
<v Speaker 4>the judge even ruled before trial that they couldn't use that,

0:15:35.240 --> 0:15:38.520
<v Speaker 4>they couldn't talk about that in their opening statements to

0:15:38.600 --> 0:15:42.040
<v Speaker 4>the jury. And then then he had those three hours

0:15:42.080 --> 0:15:45.800
<v Speaker 4>on the stands where the judge decided that he couldn't

0:15:45.880 --> 0:15:48.080
<v Speaker 4>use that and he couldn't talk about that in front

0:15:48.120 --> 0:15:50.280
<v Speaker 4>of the jury, and that was really a hit on

0:15:50.360 --> 0:15:53.320
<v Speaker 4>his defense. And if you go back, I mean, even

0:15:53.360 --> 0:15:56.560
<v Speaker 4>before the trial, the judge, as you mentioned, said that

0:15:56.640 --> 0:16:00.400
<v Speaker 4>he couldn't use expert witnesses. And the judge threw him

0:16:00.400 --> 0:16:04.800
<v Speaker 4>into jail after he had communicated with the press, and

0:16:05.360 --> 0:16:08.080
<v Speaker 4>that was really a surprise too, because he had a

0:16:08.200 --> 0:16:12.040
<v Speaker 4>huge bail package and the defense was coming in to

0:16:12.440 --> 0:16:16.400
<v Speaker 4>agree that day to a gag order. Instead the judge

0:16:16.440 --> 0:16:19.000
<v Speaker 4>decided that he was going to throw him into jail

0:16:19.400 --> 0:16:22.040
<v Speaker 4>weeks before the trial, and that really puts a strain

0:16:22.400 --> 0:16:25.680
<v Speaker 4>on the defense in more ways than one. I mean,

0:16:25.720 --> 0:16:29.960
<v Speaker 4>not only did he not have his adderall when he

0:16:30.040 --> 0:16:31.960
<v Speaker 4>was in jail, not have the right dose of it,

0:16:32.320 --> 0:16:34.840
<v Speaker 4>but he's a vegan and he didn't get the kind

0:16:34.880 --> 0:16:38.240
<v Speaker 4>of food he eats. He didn't get the kind of

0:16:38.640 --> 0:16:43.080
<v Speaker 4>foods at the Brooklyn Detention Center. So everyone saw that

0:16:43.120 --> 0:16:45.080
<v Speaker 4>he lost a lot of weight when it came to

0:16:45.120 --> 0:16:48.080
<v Speaker 4>the courtroom. But more than that, it's very difficult to

0:16:48.120 --> 0:16:52.200
<v Speaker 4>prepare for trial when you're behind bars and your lawyer

0:16:52.280 --> 0:16:55.120
<v Speaker 4>has to make appointments to meet you, and you don't

0:16:55.160 --> 0:16:59.360
<v Speaker 4>have access to all the documents and the internet and

0:16:59.400 --> 0:17:02.320
<v Speaker 4>the things you need. So it really was an uphill

0:17:02.360 --> 0:17:04.560
<v Speaker 4>battle for him from the very beginning.

0:17:05.640 --> 0:17:07.800
<v Speaker 3>And so we've had this uphill battle go on for

0:17:07.920 --> 0:17:12.119
<v Speaker 3>just about a month. After a relatively quick jury decision,

0:17:12.760 --> 0:17:16.320
<v Speaker 3>we are expecting that Sam Bankminfried and his lawyers are

0:17:16.320 --> 0:17:19.240
<v Speaker 3>going to appeal this verdict. How do you expect that to.

0:17:19.240 --> 0:17:22.760
<v Speaker 4>Go now, Well, you know, they have a lot of

0:17:22.800 --> 0:17:25.480
<v Speaker 4>issues that they can appeal on, and they're the ones

0:17:25.520 --> 0:17:28.960
<v Speaker 4>that I was just talking about, the judge turning down

0:17:29.000 --> 0:17:33.160
<v Speaker 4>the advice of council and the expert witnesses, and I'm

0:17:33.200 --> 0:17:36.320
<v Speaker 4>sure they have a lot more from what happened at trial,

0:17:36.440 --> 0:17:41.119
<v Speaker 4>but it's it's very difficult to get a conviction reversed

0:17:41.160 --> 0:17:45.040
<v Speaker 4>on appeal. It happens, but it's very difficult because a

0:17:45.080 --> 0:17:48.600
<v Speaker 4>lot of these decisions are what they say, you know,

0:17:48.720 --> 0:17:51.760
<v Speaker 4>in the discretion of the judge, and the appellate court

0:17:52.320 --> 0:17:54.840
<v Speaker 4>won't touch a lot of a lot of these decisions

0:17:54.840 --> 0:17:56.919
<v Speaker 4>if they feel that it was in the discretion of

0:17:56.960 --> 0:18:00.960
<v Speaker 4>the judge and that these may all fit in that category.

0:18:01.480 --> 0:18:03.320
<v Speaker 4>So you know they will.

0:18:03.400 --> 0:18:05.399
<v Speaker 17>They do have a lot to talk about, they do

0:18:05.480 --> 0:18:08.199
<v Speaker 17>have a lot to raise on appeal, but you know

0:18:08.280 --> 0:18:13.480
<v Speaker 17>it's another uphill battle for him.

0:18:13.520 --> 0:18:16.439
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