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Appeals Court Upholds Sam Bankman-Fried Fraud Conviction and 25-Year Sentence
The U.S. Court of Appeals for the Second Circuit affirmed the verdict on Friday. Bankman-Fried was convicted on seven counts tied to the collapse of FTX.
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A federal appeals court upheld Sam Bankman-Fried's conviction on seven counts of fraud and conspiracy and left his 25-year prison sentence in place. The U.S. Court of Appeals for the Second Circuit issued the decision on Friday.
The three-judge panel rejected Bankman-Fried's arguments that he was denied a fair trial and improperly prevented from presenting key evidence. A New York jury found Bankman-Fried guilty on the seven counts in November 2023. The charges stemmed from the collapse of FTX, the cryptocurrency exchange he founded.
The New York Times reported that Bankman-Fried has applied for a pardon from President Trump. He is currently serving the 25-year sentence.
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CorroborationStrong · 11 sources
