Sam Bankman-Fried recordsdata attraction in fraud, conspiracy case
FTX founder Sam Bankman-Fried filed an attraction Friday afternoon to overturn his fraud and conspiracy conviction.
His attorneys argue within the 102-page submitting that presiding Decide Lewis Kaplan’s rulings prevented Bankman-Fried from contributing to his protection and disadvantaged him of a good trial.
“Fair trial principles were swept away in a ‘Sentence first-verdict afterwards’ tsunami, as everyone rushed to judgment following FTX’s collapse,” Alexandra Shapiro, who joined Bankman-Fried’s protection workforce after his conviction, wrote. “Sam Bankman-Fried was never presumed innocent. He was presumed guilty — before he was even charged.”
Learn extra from our opinion part: ‘Cryptomania’ reveals the true price of SBF’s charitable facade
As a result of the courtroom dominated that Bankman-Fried’s intent to steal the funds was “immaterial,” Shapiro added, the protection was unable to current “evidence that FTX and Alameda” have been “solvent.”
“But whether evidence was ‘material’ apparently depended on who was offering it, because the district court simultaneously allowed the government to offer evidence of loss,” Shapiro wrote. “The government thus presented a false narrative that FTX’s customers, lenders, and investors had permanently lost their money.”
These limitations on proof resulted within the jury solely seeing “half the picture,” Shapiro added.
Bankman-Fried, who was convicted final fall for his function in FTX’s collapse, is at the moment serving a 25-year sentence in jail. He initially indicated his intention to attraction the conviction in April.
The submitting comes as Bankman-Fried’s former romantic and enterprise associate Caroline Ellison — who testified as a authorities witness through the trial final fall — is scheduled to be sentenced this month.
Ellison’s attorneys this week requested the courtroom for no jail time, citing her “extraordinary cooperation” with prosecutors throughout and forward of Bankman-Fried’s trial. Ellison’s function within the crimes was a results of her “warped” ethical sense on account of Bankman-Fried’s affect.
“Bankman-Fried convinced her to stay, telling her she was essential to the survival of the business, and that he loved her,” her attorneys wrote of their sentencing memo.
On the similar time, the memo provides, Bankman-Fried was “perversely demonstrating that he considered her not good enough to be seen in public with him at high-profile events.”
Begin your day with high crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire publication.
Discover the rising intersection between crypto, macroeconomics, coverage and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin publication.
The Lightspeed publication is all issues Solana, in your inbox, on daily basis. Subscribe to every day Solana information from Jack Kubinec and Jeff Albus.
