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Technology|Sam Bankman-Fried Files Appeal to Overturn Fraud
Conviction
  
https://www.nytimes.com/2024/09/13/technology/
ftx-sam-bankman-fried-appeal.html

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Sam Bankman-Fried Files Appeal to Overturn Fraud Conviction

Mr. Bankman-Fried, the founder of the collapsed FTX cryptocurrency
exchange, was convicted last fall and is serving a 25-year sentence
in prison.

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[13SBF-APPEAL-hcjf-articleLarge]
Sam Bankman-Fried, the founder of the crypto firm FTX, at federal
court in Manhattan last year. Credit...Hiroko Masuike/The New York
Times
David Yaffe-BellanyMatthew Goldstein

By David Yaffe-Bellany and Matthew Goldstein

David Yaffe-Bellany and Matthew Goldstein have extensively reported
on the collapse of FTX.

Sept. 13, 2024Updated 4:04 p.m. ET

Sam Bankman-Fried, the founder of the collapsed cryptocurrency
exchange FTX, filed an appeal on Friday, attacking the judge who
oversaw his conviction on charges that he orchestrated a sweeping
fraud to steal $8 billion from customers.

A federal jury found Mr. Bankman-Fried guilty of fraud, conspiracy
and money laundering after a monthlong trial in New York last fall.
In March, Judge Lewis A. Kaplan of Federal District Court in
Manhattan sentenced Mr. Bankman-Fried to 25 years in prison.

In the 102-page appeal, a lawyer for Mr. Bankman-Fried called for a
new trial, pointing to several rulings by Judge Kaplan that limited
the FTX founder's ability to introduce evidence and hampered his
defense.

"Sam Bankman-Fried was never presumed innocent," wrote the lawyer,
Alexandra A.E. Shapiro. "He was presumed guilty by the judge who
presided over his trial."

A spokesman for Damian Williams, the U.S. attorney for the Southern
District of New York in Manhattan, said the office had no plans to
comment on the filing.

An appeal of a federal conviction is always a long shot. Mr.
Bankman-Fried, 32, has maintained he is innocent from the moment
prosecutors charged him with fraud shortly after FTX collapsed in
November 2022. He has been serving his sentence at the Metropolitan
Detention Center in Brooklyn, where he has been held since shortly
before his trial.

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