Lawyers for FTX founder Sam Bankman-Fried have filed an appeal against his federal fraud and conspiracy conviction and his 25-year prison sentence. Bankman-Fried was recently sentenced in U.S. District Court in Manhattan and ordered to pay $11 billion in forfeiture for the massive fraud at FTX and Alameda Research. The appeal will be heard by the 2nd Circuit U.S. Court of Appeals in Manhattan.
Lawyers for FTX founder Sam Bankman-Fried filed a notice of appeal of his federal fraud and conspiracy conviction and his 25-year prison sentence .
Bankman-Fried's appeal came two weeks after he was sentenced in U.S. District Court in Manhattan and ordered to pay $11 billion in forfeiture for the massive fraud at theexchange FTX and a related hedge fund, Alameda Research. Prosecutors said it was one of the largest financial frauds in history. Bankman-Fried, 32, was convicted at trial in November of seven fraud and conspiracy counts related to misappropriating around $10 billion in customer money.The Manhattan U.S. Attorney's Office said Bankman-Fried oversaw a conspiracy that looted customer funds to make investments and fund political donations to Democrats and Republicans. He also used the swindled funds for personal expenses and to repay loans taken out by Alameda Research, prosecutors said.
FTX Sam Bankman-Fried Appeal Fraud Conviction Prison Sentence Forfeiture Cryptocurrency Exchange Hedge Fund Alameda Research 2Nd Circuit U.S. Court Of Appeals Manhattan
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX Founder Sam Bankman-Fried Found Guilty In Crypto Fraud CaseFTX founder Sam Bankman-Fried was found guilty on all 7 counts in his federal crypto fraud case.
Read more »
FTX founder Sam Bankman-Fried braces for lengthy fraud sentenceFTX founder Sam Bankman-Fried will be sentenced this week on federal fraud charges stemming from the collapse of his crypto empire.
Read more »
FTX CEO blasts Sam Bankman-Fried for claiming fraud victims will not sufferThe chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false. FTX Trading Limited CEO John J. Ray III told Judge Lewis A.
Read more »
FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not sufferThe chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false.
Read more »
FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not sufferThe chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false.
Read more »
FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not sufferThe chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false.
Read more »