Already a member? Log In

Will S.B.F. Cut a Deal?

Prosecutors may see the case against Sam Bankman-Fried as Bernie Madoff 2.0, but S.B.F.’s got good lawyers.
Prosecutors may see the case against Sam Bankman-Fried as Bernie Madoff 2.0, but S.B.F.’s got good lawyers. Photo: Gotham/GC Images

Longtime readers know that I have been obsessing over the campaign-finance dimension of the federal case against Sam Bankman-Fried. And I’m even worse in private: Ever since S.B.F.’s arrest, I’ve been consulting my partner Eriq Gardner, Puck’s resident legal expert, who has a far richer understanding of the pre-trial issues and defense strategy. Eriq and I chatted about the legal risk facing Gabe Bankman-Fried, the odds that Sam himself strikes a plea deal before his October trial, and whether or not the lawyers at Sullivan & Cromwell have any power when running parallel to the mighty Department of Justice.