Examining Gary Wang’s Understanding of Loans in the Alameda Research Case
As the trial of Sam Bankman-Fried enters its second week, his lawyers are seeking to question FTX co-founder Gary Wang about his reliance on legal advice regarding loans from Alameda Research.
The defense argues that Wang’s belief that these were legitimate loans, structured by lawyers and documented in formal promissory notes, is essential in countering the prosecution’s claim that the loans were merely a ruse orchestrated by Bankman-Fried to conceal the origin of the funds.
Wang’s statement that he trusted the lawyers involved and didn’t believe they would advise him to engage in any illegal activities has been highlighted in a recent filing made by Bankman-Fried’s defense team.
