Sam Bankman-Fried Appeals Fraud Conviction, Seeks New Trial 

• Sam Bankman-Fried has appealed his fraud conviction and requested a brand new trial.
• SBF alleges that Choose Lewis Kaplan’s ruling towards him was unfair and biased.
• The attorneys state that the choose steadily criticized and mocked SBF through the trial.

FTX founder Sam Bankman-Fried, who has been imprisoned for fraud and conspiracy costs, appealed his fraud conviction and requested a brand new trial. The billionaire wrote in a 102-page transient filed on Friday that U.S. District Choose Lewis Kaplan’s judgment over the FTX collapse was unfair and biased.

FTX Fall and SBF’s Fraud

Following the FTX debacle that led to the extended crypto winter, Bankman-Fried was convicted of a number of counts of fraud and conspiracy costs, with some describing it as one of many largest monetary frauds in American historical past. Whereas the seven costs totaled as much as 115 years of jail sentence, SBF’s household and acquaintances pleaded for the choose’s leniency, citing his psychiatric situations.

As per his mom Barbara Fried’s letter to the choose, SBF was affected by Autism Spectrum Dysfunction (ASD). She acknowledged that the imprisonment might additional worsen his situation. George Lerner, Bankman-Fried’s psychiatrist, additionally corroborated her phrases, including that SBF’s actions weren’t motivated by greed however by his psychiatric situations. Nevertheless, he was sentenced to 25 years in jail by Choose Kaplan.

Attorneys Query Choose’s Biased Ruling

Within the current transient, SBF’s lawyer Alexandra Shapiro, asserted that the choose restricted Bankman-Fried from producing sure protection arguments. He added that the choose made crucial remarks, questioning the credibility of the protection and casting doubt on the defendant’s testimony within the presence of the jury. Additional positing that the federal government offered a “false narrative” on FTX’s fall, the lawyer cited, “He [SBF] was presumed responsible by the choose who presided over his trial.”

SBF’s authorized workforce alleged that the choose’s angle in direction of Bankman Fried through the trial was prejudiced. They argued that the choose steadily criticized and mocked him, questioning his credibility and expressing skepticism about his testimony.