Sam Bankman-Fried Appeals FTX Fraud Conviction, Seeking Fair Trial
Sam Bankman-Fried's Appeal Against FTX Fraud Conviction
Lawyers for Sam Bankman-Fried, the convicted former CEO of FTX, filed an appeal claiming he was denied a fair trial last fall. The appeal seeks new proceedings under a different judge following his 25-year prison sentence due to multiple fraud and conspiracy counts.
Claims of Unfair Trial and FTX's Solvency
The appeal suggests that Bankman-Fried was presumed guilty before charges were even made. His legal team argues that evidence supporting FTX’s solvency was prohibited during the proceedings while loss evidenced by the prosecution was allowed.
Further Developments in FTX Legal Proceedings
Separate from his appeal, Caroline Ellison, former colleague of Bankman-Fried, has requested leniency in her sentencing after cooperating with the government, becoming a key witness against him.
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