Former FTX CEO Sam Bankman-Fried files appeal and calls for a new trial
Quick Take Former FTX CEO Sam Bankman-Fried has filed an appeal and called for a new trial.
Former FTX CEO Sam Bankman-Fried has filed an appeal and called for a new trial.
A lawyer representing Bankman-Fried criticized New York District Judge Lewis Kaplan's handling of the case and said the former executive should not have been blocked from introducing certain evidence.
"He was presumed guilty—before he was even charged. He was presumed guilty by the media. He was presumed guilty by the FTX debtor estate and its lawyers," Bankman-Fried's lawyer said in the 102-page appeal. "He was presumed guilty by federal prosecutors eager for quick headlines. And he was presumed guilty by the judge who presided over his trial."
The appeal was filed in the U.S. Court of Appeals for the Second Circuit.
Bankman-Fried was found guilty in November by a jury in New York of all seven criminal counts of defrauding the customers, lenders and investors of FTX. Prosecutors say Bankman-Fried orchestrated "likely the largest fraud in the last decade," making comparisons to Ponzi scheme mastermind Bernie Madoff. He was later sentenced to 25 years in prison.
This is a developing story.
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