Sam Bankman Freed appeals fraud conviction, seeks new trial

0
51
  • Sam Bankman Freed appealed his fraud conviction and requested a brand new trial.
  • SBF argues that Decide Lewis Kaplan's ruling was unfair and biased.
  • The legal professionals say the decide ceaselessly criticized and ridiculed SBF in the course of the trial.

FTX founder Sam Bankman Freed, who’s serving time in jail on fraud and conspiracy prices, has appealed his fraud conviction and requested a brand new trial. In a 102-page temporary filed on Friday, the billionaire mentioned U.S. District Decide Lewis Kaplan's ruling on FTX's chapter was unfair and biased.

FTX Drop and SBF Rip-off

Following the FTX debacle that led to a protracted crypto winter, Bankman Freed was convicted on a number of counts of fraud and conspiracy in what some have described as one of many largest monetary frauds in American historical past. He was sentenced to 115 years in jail on seven counts, however household and mates of SBF pleaded with the decide for leniency, citing his psychological well being.

In accordance with a letter written to the decide by his mom, Barbara Freed, Bankman-Freed suffered from autism spectrum dysfunction (ASD). She mentioned that incarceration might make his situation worse. Bankman-Freed's psychiatrist, George Lerner, corroborated her phrases, including that Bankman-Freed's actions weren’t motivated by greed however by his psychological situation. Nonetheless, he was sentenced to 25 years in jail by Decide Kaplan.

See also  COPA legal professionals battle to maintain Wright within the highlight as courtroom heats up - Day 3 of Satoshi's trial

Attorneys query the decide's biased determination

In a current temporary, SBF lawyer Alexandra Shapiro argued that the decide restricted Bankman Free of presenting sure protection arguments. She added that the decide made important feedback, questioned the protection's credibility and forged doubt on the defendants' testimony earlier than the jury. She additional decided that the federal government had offered a “false narrative” about FTX's downfall and that “he (SBF) was presumed responsible by the decide who presided over the trial.”

SBF's legal professionals argued that the decide's perspective towards Bankman Freed in the course of the trial was biased: they alleged that the decide ceaselessly criticized and ridiculed Freed, questioned his credibility, and expressed skepticism about his testimony.

Disclaimer: The data offered on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or counsel of any variety. Coin Version is just not liable for any losses incurred on account of using the content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.