“Did you have a view that Alameda could borrow, so long as borrows weren’t in excess of assets?” Cohen requested Singh, clearly hoping for some variation of a “yes” reply. Singh, nevertheless, appeared to sense a lure. He answered obliquely: there have been many “scenarios” the place Singh didn’t suppose Alameda’s borrows have been “appropriate,” he instructed Cohen. The lawyer let loose an audible “sigh,” seemed down and spent the following a number of moments leafing by means of the pile of papers on his podium. Whereas we’re lastly beginning to see glimmers of Bankman-Fried’s protection technique, his attorneys nonetheless face an uphill battle.
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