Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, was convicted because of a 'false narrative,' according to his defense team.
Friday, September 13, 2024 8:30PMbecause of a "false narrative" told by federal prosecutors at a trial "tainted" by errors, his attorneys argued in a new court filing Friday to a federal appeals court.
"Fair trial principles were swept away in a 'Sentence first-verdict afterwards' tsunami, as everyone rushed to judgment following FTX's collapse," defense attorneys wrote in the appeal. "Sam Bankman-Fried was never presumed innocent. 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. 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 said.The defense asked for a reversal of Bankman-Fried's conviction and a new trial before a different judge.
Former Alameda Research CEO Caroline Ellison, Bankman-Fried's ex-girlfriend and a blockbuster witness for the prosecution, is set to be sentenced for her role in the fraud later this month.
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.
The trial and sentencing of FTX co-founder Sam Bankman-FriedSam Bankman-Fried has been found guilty on seven charges related to FTX and Alameda Research and sentenced to 25 years in prison. Read the latest here.
Read more »
Sam Bankman-Fried Appeals Fraud Conviction, Requests New Trial: NYTCheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Read more »
Michael Lewis Speaks Out After Sam Bankman-Fried Furor: Crypto Fraud ‘Makes No Sense’Some critics alleged the “Moneyball” author had been too sympathetic to Bankman-Fried in his book about the disgraced former billionaire.
Read more »
Key witness in trial of Sam Bankman-Fried seeks no prison time at upcoming sentencingCaroline Ellison, a former top executive in FTX founder Sam Bankman-Fried's collapsed cryptocurrency empire, is seeking no prison time at her sentencing later this month
Read more »
Sam Bankman-Fried's ex lover Caroline Ellison begs to stay out of jail for FTX fraudEllison pleaded guilty to fraud and conspiracy charges in December 2022, just over a month after FTX’s dramatic collapse.
Read more »
Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencingCaroline Ellison, a former top executive in FTX founder Sam Bankman-Fried's collapsed cryptocurrency empire, is seeking no prison time at her sentencing later this month.
Read more »