Lawyers for Sam Bankman-Fried, the convicted former CEO of crypto exchange FTX, filed an appeal Friday, claiming he was denied a fair trial last fall and seeking new proceedings under a different judge.
Bankman-Fried, 32, was sentenced to 25 years in prison after a jury convicted him on multiple federal counts of fraud and conspiracy in November. The charges stem from what prosecutors described as a yearslong scheme to siphon money from FTX customers’ accounts without their knowledge while lying to investors and lenders and spending lavishly on real estate, private jet trips and political donations.
” The appeal, much like the arguments made ahead of Bankman-Fried’s sentencing this spring, focus on FTX customers’ financial losses. The court, they say, prohibited Bankman-Fried from introducing evidence of solvency for FTX and its sister firm, Alameda. At the same time, prosecutors were allowed to offer evidence of loss.
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