Breaking: Sam Bankman-Fried Appeals Fraud Conviction, Argues He Didn’t Steal Clients’ Funds – BitRss – Crypto World Information

Sam Bankman-Fried (SBF), the previous CEO of the defunct crypto alternate FTX, has appealed his fraud conviction. In March earlier this 12 months, SBF was sentenced to 25 years in jail, having been discovered responsible of the seven expenses towards him, together with defrauding FTX prospects of $8 billion.

Sam Bankman-Fried Appears to be like To Overturn Fraud Conviction

The New York Occasions reported that Sam Bankman-Fried has filed a 102-page enchantment asking the court docket for a retrial. The discover of enchantment claimed that Choose Lewis Kaplan made a number of rulings that impeded the FTX founder from placing up a correct protection. SBF’s lawyer steered that Kaplan was biased as he had already presumed that the defendant was responsible from the beginning.

Bankman-Fried has maintained his innocence since he was arrested in November 2022, arguing that he by no means stole prospects’ funds. Identical to he argued in his sentencing advice, SBF once more argued in his enchantment that FTX prospects didn’t lose their cash since there are plans to refund these prospects as a part of the chapter course of.

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