BankmanFried

FTX Founder Sam Bankman-Fried Seeks Retrial, Alleging Judicial Bias in Previous Conviction

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New York — The legal team for FTX co-founder Sam Bankman-Fried, who was found guilty of fraud and money laundering following the collapse of the cryptocurrency exchange, is calling for a retrial. Bankman-Fried, who had risen to prominence in the world of cryptocurrency trading, was sentenced to 25 years in prison and ordered to forfeit $11 billion. His conviction came after a highly publicized trial that culminated in a unanimous verdict on all seven counts against him. Currently serving his sentence in Brooklyn, the embattled former CEO’s new appeal centers on claims of judicial misconduct. … Read more

Defense Claims Jury Received Incomplete Evidence in Sam Bankman-Fried Trial, Seeks Appeal

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New York — Lawyers for Sam Bankman-Fried, the former cryptocurrency entrepreneur facing legal battles, argued that jurors in his trial did not view the full scope of evidence, which they believe could have impacted the verdict significantly. This statement was part of an appeal process initiated after Bankman-Fried, founder of the now-defunct FTX Trading, was convicted on charges related to fraudulent activities and mismanagement of customer funds. During the trial, prosecutors painted Bankman-Fried as a central figure in a scheme that involved illegal diversion of customer assets to cover debts and risky bets at Alameda … Read more