Official court records and announcements

FTX Founder Sam Bankman-Fried Appeals Fraud Conviction, Alleging Judicial Bias

Sep 13, 2024, 07:36 PM

On September 13, 2024, Sam Bankman-Fried, founder and former CEO of the collapsed crypto exchange FTX, filed a 102-page appeal to overturn his fraud conviction and 25-year prison sentence. The appeal alleges judicial bias and improper limitations on his defense, criticizing US District Judge Lewis A. Kaplan's rulings. Bankman-Fried's legal team argues that the principles of a fair trial were compromised, claiming that the rush to judgment following FTX's collapse led to a 'sentence first-verdict afterwards' scenario. The appeal aims to secure a new trial for Bankman-Fried, who was convicted of orchestrating an $8 billion fraud scheme targeting customer funds.