There are new developments in the FTX court ruling. The founder SBF stated that he suffered many unfair treatments in the previous judgment process. He recently appealed to the court and accused the New York District Court Judge Lewis Kaplan who heard his case of being biased against him, which led to the trial. The process is unfair. He asked that the verdict be quashed and a new trial be held.
Faced with scornful and mocking testimony, SBF lawyer questions miscarriage of justice
SBF’s legal team pointed out that during the trial in November 2023, Judge Kaplan made a number of rulings that were not conducive to SBF. The jury finally found SBF guilty of seven counts of fraud and money laundering, and was convicted in March 2024. Sentenced to 25 years in prison.
(Twenty-five years is too long, FTX founder SBF refused to transfer to prison, and the legal team has applied for an appeal)
SBF's attorney, Alexandra Shapiro, detailed the judge's favoritism, the appeal filing said, noting that Judge Kaplan made "snarky comments" about defense testimony during the trial and even "mockered" SBF's testimony in front of the jury. This time lawyer Shapiro took over the appeal responsibility of SBF, replacing the original trial lawyer team Mark Cohen and Christian Everdell.
Accuses the judge of excluding favorable SBF evidence and making assumptions about the defense
SBF lawyers stated that the judge excluded key evidence presented by the defense during the sentencing process, especially evidence regarding the asset status of FTX and Alameda, and prevented SBF from telling the jury that FTX’s customers did not ultimately suffer a loss of funds because these funds were expected to Able to be repaid during the bankruptcy process.
The lawyer said: "The court gave a false statement, which made the jury think that the money of FTX users, lenders and investors had disappeared forever, but in fact the jury did not see the whole story at all."
In addition, SBF's lawyer Shapiro also accused the judge of making errors in his instructions to the jury, especially by speculating on SBF's claims. The judge told the jury, "Does it matter whether SBF thinks the client will lose money in the end? It doesn't matter." Shapiro said: "This makes it easier for the prosecutor to prove the motive of the crime!"
(FTX still has 9% interest available, and creditors under $50,000 will receive 118% of the claimable amount within 60 days)
Suspicion of government collaboration with bankruptcy team, questioning tens of billions of dollars in forfeiture order
The legal team also accused the government of working too closely with the team of lawyers who took over FTX's receivership, preventing SBF from obtaining evidence in its favor. The documents state that Judge Kaplan rejected the SBF's request for an investigation or hearing, thereby ensuring that FTX's bankruptcy team effectively became a "helper" to the prosecution.
SBF lawyers also criticized the court's $11 billion forfeiture order as "illegal and unconstitutional" because the relevant legal provisions do not support the forfeiture of such a large amount. The lawyer also pointed out that several former colleagues of SBF, including Caroline Ellison, Nishad Singh, Gary Wang and Ryan Salame, had testified against SBF in court and admitted their own fraud crimes. Salame had been sentenced in May 2024. 7.5 years in prison.
(Former FTX executive complained to US prosecutors: Please do not involve his ex-girlfriend in the investigation, both parties have their own stories)
The defense lawyer also emphasized that FTX’s bankruptcy management team finally successfully recovered the assets, which proved that the exchange was not unable to pay back the money. It is also believed that SBF was forced by the bankruptcy team and law firm Sullivan & Cromwell to file for bankruptcy early.
Based on the above-mentioned multiple unfair verdicts, SBF’s legal team requested the court to revoke the original verdict and transfer it to another judge for a retrial to ensure that SBF can obtain a fair verdict.
(FTX Claim Tax Registration Steps Tutorial for Lazy Guys: Step 7 Allocation - Tax Requirements)
This article FTX founder SBF expressed a miscarriage of justice, accusing the prosecutor of defying and questioning the tens of billions of dollars in confiscation orders. First appeared on Chain News ABMedia.
