FTX Founder Sam Bankman-Fried Appeals 25-Year Fraud Conviction
TL;DR Summary
Sam Bankman-Fried, founder of FTX, has filed an appeal against his 25-year prison sentence and fraud conviction related to misappropriating around $10 billion in customer money at the cryptocurrency exchange FTX and a related hedge fund, Alameda Research. The appeal will be heard by the 2nd Circuit U.S. Court of Appeals in Manhattan, but the odds of having the conviction overturned are low. Bankman-Fried's lawyer did not immediately respond to a request for comment. Four other top executives at FTX and Alameda previously pleaded guilty, and one of them is due to be sentenced soon.
- FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentence CNBC
- Bankman-Fried Appeals Fraud Conviction and 25-Year Sentence National Review
- Sam Bankman-Fried appeals FTX fraud convictions and 25-year prison sentence The Guardian
- Sam Bankman-Fried plans to appeal his conviction Axios
- Bankman-Fried appeals FTX fraud conviction, 25-year sentence Reuters
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