U.S. Department of Justice: SBF's willingness to repay misappropriated funds cannot be used as a defense, and his trial will resume after a one-week break

ChainCatcher news, according to The Block, documents submitted by prosecutors to the judge presiding over the Sam Bankman-Fried (SBF) case indicate that the prosecutors pointed out that the defendant's (SBF) intention to repay misappropriated or fraudulently obtained funds cannot be used as a defense. The prosecutors stated that during the trial, the defense attempted to present evidence and arguments suggesting that the defendant's misappropriation of FTX customer funds did not constitute a crime because he believed he would ultimately be able to repay the customers.

The Department of Justice added that, as the court previously noted, "from a legal perspective, it does not matter whether the defendant intended to repay the misappropriated funds, as the criminal act is complete, as alleged here, with the presence of 'immediate intent'." Abuse and fraud."

The prosecutors also requested instructions that if the defendant acted unlawfully out of moral or political beliefs, it cannot constitute a defense.

SBF's trial will be paused for a week and is expected to resume on October 26.