Against the Rules with Michael Lewis: The Trial of Sam Bankman-Fried

The jury, after about 4 and a half hours of deliberation, has delivered its verdict – guilty on all seven counts. Lidia Jean Kott was in the courtroom when it happened. Her conversation with financial reporter Jacob Goldstein was recorded on November 2.

Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast...

CORRECTION: In an earlier version of this episode, our guest incorrectly stated that in the case of a hung jury, a defendant cannot be retried without risking double jeopardy. This is incorrect. If the jury hangs, then the defendant can be retried. We have edited the episode to remove this and apologize for the error.

It’s nearly time for the jury to begin their deliberations. They’ll file into a backroom at the courthouse, and SBF’s fate will be in their hands...

We're finally in the home stretch. Today the prosecution finished their cross examination of Sam Bankman-Fried, the defense followed up with a redirect, and then both sides rested. It’s Michael’s last day at court, but Lidia Jean will attend until the bitter end. They sit down to talk through the trial day’s events.

This conversation was recorded on October 31.

Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast...

Sam Bankman-Fried finishes direct and faces withering cross-examination by the government’s chief prosecutor, Danielle Sassoon. Michael Lewis and Lidia Jean Kott share notes during lunch, then Lidia Jean sits down with Pushkin financial reporter and host Jacob Goldstein to talk through the day’s events.

This conversation was recorded on October 30.

Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast...

The day is finally upon us: Sam Bankman-Fried takes the stand. Michael Lewis and Lidia Jean meet up after a long day in court and discuss everything that went down.

This conversation was recorded on October 27.

Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com

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Michael Lewis finishes his book tour and joins Lidia Jean Kott in court. His timing, as usual, is impeccable. The government rests its case. And then, everyone thinks Sam Bankman-Fried will take the stand. Instead, in a surprise twist, Judge Kaplan sends the jury home. LJ and Michael meet up on the courthouse steps to talk through the day’s events. 

This conversation was recorded on October 26...

After a few days off, the trial resumes tomorrow, October 26. The prosecution has said they will likely be ready to rest their case by midday. Michael Lewis, Lidia Jean Kott and Rebecca Mermelstein, a partner at the law firm O’Melveny & Myers, sit down to analyze the prosecution’s case and talk about what might happen next, including the possibility of Sam Bankman-Fried taking the stand.

This conversation was recorded on October 23...

Voices of the victims of Sam Bankman-Fried’s alleged crimes have been few and far between during the prosecution’s presentation of its case. On today’s show, Lidia Jean Kott sits down with Jake Thacker, a tech worker from Portland, Oregon who borrowed money to bet big on FTX, only to be left holding the bag. He says he’s now bankrupt and unsure whether he’ll be able to keep his home. 

This conversation was recorded on October 23...

Another week come and gone, and like everything SBF, it wasn’t without a healthy dose of drama. Lidia Jean Kott catches Michael Lewis and Jacob Goldstein up on all that has gone down. 

This conversation was recorded on the evening of October 19.

Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast...

When nerdy gamer Sam Bankman-Fried rocketed to fame as the world’s richest 29-year-old, he pledged to donate his billions to good causes...