FTX’s Sam Bankman-Fried Appeals Conviction, Seeks New Trial

Sam Bankman-Fried, the former CEO of FTX, has filed for an appeal and requested a new trial. His legal team is challenging the conduct of the trial overseen by Judge Lewis Kaplan, claiming that Bankman-Fried was unfairly presumed guilty from the outset.

In their 102-page appeal submitted to the U.S. Court of Appeals for the Second Circuit, Bankman-Fried’s attorneys argue that the trial was marred by judicial bias and restrictions on evidence.

They contend that key evidence was excluded, which could have demonstrated the solvency of FTX and Alameda Research, contrary to the prosecution’s claims. The appeal also criticizes the portrayal of Bankman-Fried’s investments as reckless and his spending as extravagant.

Bankman-Fried was convicted in November on seven counts of fraud involving FTX’s customers and investors, leading to a 25-year prison sentence. His attorneys assert that the trial did not provide a complete picture and that the defense was not permitted to present critical evidence.

They argue that the trial was prejudiced in favor of the prosecution and that the jury’s verdict was influenced by judicial misconduct.

The appeal seeks to overturn the conviction and calls for a new trial under a different judge, alleging that Judge Kaplan’s conduct compromised the fairness of the proceedings.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.