US EditionAppeals Judges React Skeptically to Sam Bankman-Fried's Bid to Overturn Fraud Conviction
Bankman-Fried's lawyers claim trial bias and exclusion of key evidence denied a fair defense in his $11 billion crypto fraud case, appealing his 25-year sentence.
- A three-judge Second Circuit panel in Manhattan will hear Sam Bankman-Fried's appeal on November 4 as he challenges his 25-year sentence following his 2023 conviction.
- Bankman-Fried's lawyers say District Judge Lewis Kaplan barred evidence about company lawyers and legal advice, limiting defense arguments and biasing jurors' view of FTX's collapse.
- During the preview hearing, the judge had Bankman-Fried testify outside the jury, and prosecutors cross-examined him, limiting his testimony for jurors, the defense says.
- Shapiro urged the Second Circuit Court of Appeals to order a new trial, but prosecutors including Nathan Rehn say the trial was fair.
- The appeal matters beyond one defendant because the case centers on an $11 billion fraud leaving FTX investors about $8 billion short, with testimony from Caroline Ellison and assets like a $500 million Anthropic investment.
24 Articles
24 Articles
Convicted Crypto Fraudster Sam Bankman-Fried Appealing Conviction, Wants Retrial or Trump Pardon
Notorious cryptocurrency huckster Sam Bankman-Fried is angling for a new trial on all the fraud counts that netted him a 25-year prison sentence, while his parents are angling to get Trump to give their rich-kid son a pardon.Hillsborough native Sam Bankman-Fried became the face of cryptocurrency fraud in late 2022 when his crypto platform FTX collapsed financially, and he was arrested on fraud and money laundering charges. The CEO and founder kn…
Sam Bankman-Fried's lawyers to argue for new fraud trial for FTX founder
NEW YORK - Lawyers for Sam Bankman-Fried, the FTX cryptocurrency exchange founder serving a 25-year prison sentence for fraud, will urge a federal appeals court on Tuesday to throw out his conviction. Read more at straitstimes.com.
Associated Press News
Appeals judges react skeptically to Sam Bankman-Fried's bid to overturn fraud conviction
A federal appeals panel in Manhattan reacted skeptically to arguments by a lawyer for once high-flying cryptocurrency entrepreneur Sam Bankman-Fried that his fraud conviction should be overturned.
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