Against the Rules
Against the Rules

Judging Sam: Jury Selection

The trial of former FTX CEO Sam Bankman-Fried got underway yesterday in the Southern District of New York. First order of business? Empanelling a jury. Reporter Lidia Jean Kott was there. To get more insight into how jury selection works, Lidia Jean sat down with trial consultant Ellen Leggett. Thei

Featured Speakers

Michael Lewis HostEllen Leggett Guest

Topics Discussed

Episode Summary

Executive Summary: The episode centers on jury selection in Sam Bankman-Fried’s criminal trial and explains how lawyers and consultants try to identify jurors likely to be favorable or dangerous to each side. Trial consultant Ellen Leggett describes voir dire, jury deselection, cause strikes, peremptory strikes, the impact of publicity, and how witness credibility—especially Caroline Ellison’s—may affect the case.

Main Topics: Trial opening and courthouse atmosphere (Priority: 4/5): The host describes arriving early at the Southern District of New York courthouse, observing reporters and potential jurors, and setting the scene for the first day of jury selection in a high-profile fraud trial. How jury selection works (Priority: 5/5): Ellen Leggett explains voir dire, jury deselection, judicial discretion, cause strikes, and peremptory strikes, emphasizing that lawyers mostly remove unfavorable jurors rather than choose ideal ones. What makes a juror dangerous or favorable (Priority: 5/5): The discussion focuses on which demographics, experiences, and attitudes could hurt either side, including people who identify with fraud victims, older jurors, or jurors skeptical of Sam’s rapid rise to wealth. Pretrial publicity and prior opinions (Priority: 4/5): The episode explores how media exposure affects jurors, how lawyers ask about social media and prior knowledge, and why already formed opinions are especially important in excusing jurors. Effective altruism and political signals (Priority: 4/5): The transcript highlights the defense’s questions about effective altruism, wealth for good causes, and media habits as proxies for political leanings and attitudes toward Sam’s philanthropy. Witness credibility, especially Caroline Ellison (Priority: 5/5): Leggett discusses how jurors may assess cooperating witnesses and suggests Ellison will be central because jurors will judge her credibility directly rather than dismiss her due to her plea deal.

Key Arguments: Jury selection is mostly about deselection: lawyers and judges remove people with clear bias, hardships, or direct connections to the case rather than truly choosing a perfect jury. Potential jurors who have strong reactions to fraud, victims, or unexplained wealth may be especially harmful to Sam Bankman-Fried’s defense. Pretrial publicity is less important than whether jurors have already formed opinions; people who say they’ve made up their minds are most likely to be excused for cause. Defense questions about ADHD and effective altruism are designed to surface empathy, familiarity, or political/philosophical views that might soften jurors toward Sam. Media consumption, social media posts, and self-described views are used as indirect clues to political ideology because attorneys cannot ask directly whether someone is Republican or Democrat. Cooperating witnesses are not automatically discounted by jurors; instead, jurors often evaluate their credibility intensely, and Caroline Ellison is expected to be a major witness whose demeanor may matter greatly. Jurors often believe their main job is to detect truthfulness, which means the defense and prosecution will both be focused on how witnesses present themselves in court.

Data Points: Trial length: 6 weeks - Used when discussing potential juror hardship and availability Potential jurors remaining at end of day one: 50 - After initial screening and court questioning Jury composition: 12 jurors and 6 alternates - The panel to be seated for the trial Peremptory strikes: 3 per side - Described as the lawyers’ limited free strikes, though the judge and circumstances can vary this Witness count mentioned: at least 3 former FTX officials - Former officials who pleaded guilty and are expected to testify against Sam Sam Bankman-Fried’s age: 30-year-old - Referenced in discussing juror skepticism about how someone so young became extremely wealthy Bankman-Fried’s prior wealth: tens of billions of dollars - Described as his net worth before FTX collapsed

Pivotal Quotes: "there's a lot of science that is behind usually what we are doing as we look at the jury during that void process and the selection process." — Ellen Leggett: Explaining the role of a jury consultant "it's really deselection, not selection." — Ellen Leggett: Clarifying how lawyers shape the jury "I've already made up my mind, and nothing I hear in court is going to change me." — Ellen Leggett: Describing the kind of statement that can lead to removal for cause

Implications: The trial may hinge on jury composition and witness credibility more than technical crypto details. Defense success likely depends on avoiding jurors hostile to wealth, fraud, or Sam’s persona and on neutralizing damaging testimony from insiders.

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About Against the Rules

Michael Lewis’s best-selling book The Big Short is now 15 years old. The Oscar-winning movie based on it came out a decade ago. To mark the occasion, Lewis has narrated a new audiobook of The Big Short. Here on his podcast, he and co-host Lidia Jean Kott are thinking about the legacy of the book, the movie, and the financial crisis of 2008. Michael catches up with the director of the movie, Adam McKay, as well as some of the real-life characters depicted by the likes of Ryan Gosling, Steve Carell and Jeremy Strong. He also calls up journalists, economists, and historians to make sense of the 2008 financial crisis and to understand how it still affects the world today.

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