#ftx

ABC News: Top Stories | Judge denies Sam Bankman-Fried new trial after financial fraud conviction AI generated summary, Read the full article for complete information. A federal judge in New York denied Sam Bankman‑Fried’s request for a new trial, ruling that the “newly discovered” witnesses he cited were already known to him before his 2023 fraud conviction and offered no exculpatory evidence. Judge Lewis Kaplan said Bankman‑Fried had neither sought nor compelled their testimony and that there was no proof they would contradict his guilt in the collapse of the crypto‑exchange FTX. The judge called the motion a baseless attempt to rehabilitate his reputation, affirming the 25‑year prison sentence and $11 billion forfeiture imposed after the founder was found guilty on seven counts of fraud, conspiracy and money‑laundering. Read more: https://abcnews.com/US/judge-denies-new-trial-sam-bankman-fried-after/story?id=132471994 #SamBankman_Fried #LewisKaplan #FTX #NewYork

Newsletter: Although Sam Bankman-Fried tried to withdraw his motion for a new trial, Judge Kaplan rejected it on its merits. This leaves Bankman-Fried with essentially no realistic avenues to avoid his 25-year prison sentence. https://www.citationneeded.news/sbf-new-trial-denied/ #crypto #cryptocurrency #FTX

Sam Bankman-Fried’s affidavit has arrived. He says his attorneys of record had no input into his motion for a new trial, but that he shared drafts with his parents (both attorneys). “They made editorial and organizational suggestions, some of which I incorporated” #SBF #FTX #crypto #cryptocurrency