- Sam Bankman-Fried appealed, accusing Decide Kaplan of bias and limiting key proof to his protection.
- SBF's authorized staff claims the decide's determination tilted the trial in favor of the prosecution.
- The founding father of FTX was sentenced to 25 years for fraud, conspiracy and cash laundering after the $8 billion cryptocurrency collapse.
Sam Bankman-Fried, the disgraced former CEO of FTX, is defending his conviction, saying the presiding decide is biased. The transfer follows his 25-year jail sentence for an $8 billion fraud. Bankman-Fried argues that Decide Lewis A. Kaplan's rulings impeded his means to conduct a correct protection and warrant a brand new trial.
Bankman-Fried's authorized staff filed a 102-page attraction in opposition to the decide
On September 13, Bankman-Frieda's authorized staff filed a 102-page doc difficult a number of key selections made by Decide Lewis A. Kaplan throughout his trial. The founding father of FTX was sentenced to 25 years in jail earlier this yr after being discovered responsible of fraud, conspiracy and cash laundering associated to the dramatic collapse of his crypto platform.
Additionally learn: Caroline Ellison seeks leniency in FTX case, cites cooperation in trial
Within the attraction, Bankman-Fried's legal professional, Alexandra AE Shapiro, accused Decide Kaplan of bias, arguing that he assumed her shopper's guilt from the start. “Sam Bankman-Fried has by no means been presumed harmless,” Shapiro wrote, noting that the decide's ruling prevented Bankman-Fried from presenting essential proof and witnesses.
FTX founder accuses decide of limiting key witness statements
Most of Bankman-Fried's appeals middle on the decide's rulings, which Bankman-Fried's staff says prevented key witnesses from testifying. They argue that Kaplan's determination gave prosecutors a leg up, resulting in a fast conviction. The authorized submitting emphasizes that these restrictions violated Bankman-Fried's proper to a good trial, necessitating a brand new trial.
The Bankman-Fried fraud trial made headlines around the globe as FTX, as soon as one of many largest cryptocurrency exchanges, collapsed spectacularly, leading to billions in losses for purchasers and traders. In the course of the sentencing, Bankman-Fried addressed the courtroom and expressed regret for the huge affect. He mentioned:
“Lots of people really feel actually let down and had been very disillusioned, and I'm sorry for that.”
Regardless of his apology, the attraction portrays Bankman-Fried because the sufferer of a biased trial. The success of this attraction stays unsure, however it provides one other chapter to the continued authorized saga surrounding one of the crucial important crypto scandals in historical past.
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