Sam Bankman-Fried Appeals Fraud Conviction, Claims Judge Was Biased
TL;DR
- Sam Bankman-Fried has appealed his fraud conviction, claiming judicial bias and procedural violations during his trial.
- His legal team argues that he was pressured into declaring bankruptcy and that the FTX exchange was not insolvent.
Sam Bankman-Fried, the founder of FTX, has officially appealed his fraud conviction, alleging that the presiding judge, Lewis Kaplan, exhibited bias against him during the trial. A New York jury found him guilty of seven counts of fraud and conspiracy linked to the collapse of his cryptocurrency exchange in November 2022. Following the conviction, Bankman-Fried was sentenced to 25 years in prison in March.
In a comprehensive 102-page appeal submitted to the Second Circuit Court of Appeals, Bankman-Fried's legal team argues that Judge Kaplan made critical remarks that undermined the defense's case. His attorney, Alexandra Shapiro, claims that Bankman-Fried was never given the presumption of innocence, alleging that the judge had already decided his guilt before the trial concluded. The appeal also highlights several procedural violations, including claims of unlawful forfeiture and denial of access to key evidence that could have supported his defense.
The appeal further emphasizes that Bankman-Fried believes FTX was not insolvent and that he was coerced into declaring bankruptcy too soon. His attorney criticized the ruling that prevented the jury from hearing claims that FTX customers had not permanently lost their funds. As this legal battle unfolds, Bankman-Fried seeks to overturn his conviction and secure a new trial.
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