- Sam Bankman Freed appealed, arguing that Choose Kaplan was biased and restricted key proof in his protection.
- SBF's authorized staff argues that the decide's ruling tilted the case in favor of the prosecution.
- FTX founder sentenced to 25 years in jail for fraud, conspiracy and cash laundering after $8 billion cryptocurrency collapse.
Sam Bankman Freed, the disgraced former CEO of FTX, is combating his conviction on the grounds of decide bias. The transfer comes after he obtained a 25-year jail sentence for an $8 billion fraud. Bankman Freed argues he wants a brand new trial as a result of Choose Lewis A. Kaplan's ruling prevented him from mounting a correct protection.
Bankman Freed's attorneys filed a 102-page enchantment with the decide.
On September 13, Bankman Freed's attorneys filed a 102-page transient difficult a number of key rulings made by Choose Lewis A. Kaplan in his trial. The FTX founder was convicted of fraud, conspiracy and cash laundering costs in reference to the dramatic collapse of his cryptocurrency platform earlier this 12 months and sentenced to 25 years in jail.
Additionally learn: Caroline Ellison seeks leniency in FTX case as a consequence of cooperation in courtroom
In enchantment, Bankman-Freed's lawyer, Alexandra A. E. Shapiro, accused Choose Kaplan of bias as a result of she presumed her consumer's guilt from the start. “Sam Bankman-Freed has by no means been presumed harmless,” Shapiro wrote, arguing the decide's determination prevented Bankman-Free of presenting key proof and witnesses.
FTX Founder Accuses Choose of Limiting Testimony of Key Witness
The majority of Bankman Freed's enchantment considerations the decide's ruling, which his staff argues prevented key witnesses from testifying. He argues that Kaplan's selections gave the prosecution a bonus, resulting in a fast conviction. The lawsuit argues that these restrictions violated Bankman Freed's proper to a good trial, making a brand new trial crucial.
Bankman Freed's fraud trial made headlines all over the world after FTX, as soon as one of many largest cryptocurrency exchanges, collapsed, inflicting billions of {dollars} in losses for patrons and traders. Through the sentencing, Bankman Freed addressed the courtroom and expressed remorse for the huge influence. He mentioned:
“Lots of people are actually disenchanted. Actually disenchanted. And I'm sorry about that.”
Regardless of the apology, the enchantment portrays Bankman-Fried because the sufferer of a biased judicial course of. It’s unclear whether or not the enchantment will likely be profitable, but it surely marks one other chapter within the ongoing authorized saga surrounding one of the important cryptocurrency scandals in historical past.
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