Documents & Records
Defense Exhibit 817
A BlockFi credit memo dated August 31, 2021 considered an approximately $470 million new loan request when existing loans totaled about $267 million. Zac Prince testified that the particular proposed loan was not made; the court admitted the memo but excluded non-BlockFi statements from consideration for their truth.
BlockFi credit memo dated August 31, 2021 concerning a proposed Alameda loan
MentionedFederal Criminal Trial
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The defense used the memo while pressing Prince about later lending despite documented reservations, but Prince distinguished the rejected proposal from later loans with substantially higher collateral requirements.