US government rejects Sam Bankman-Fried’s conviction appeal

The US authorities have rejected Sam Bankman-Fried‘s attraction to overturn his conviction and sentencing associated to the bankrupt FTX collapse.

Based on a latest courtroom submitting, the federal government discovered no advantage in his claims, asserting that the jury’s verdict and the trial’s end result have been sound.

Bankman-Fried, the founding father of the now-defunct FTX trade, had sought to overturn his conviction in September on the Second Circuit Court docket of Appeals. He argued that judicial bias and procedural missteps, notably by Decide Lewis Kaplan, undermined his trial.

Bankman-Fried claimed the decide’s selections restricted key protection arguments and restricted proof about his investments. He additionally instructed that FTX’s monetary troubles have been overstated, implying clients may nonetheless recuperate their funds.

Based mostly on these assertions, he requested a retrial and reversal of his conviction.

Authorities rejects attraction

The federal government, nonetheless, dismissed these arguments, stating that Bankman-Fried’s attraction did not display any errors or prejudice within the unique trial.

They maintained that the courtroom’s selections have been lawful and normal in fraud instances. Particularly, they countered his objection to the “no-ultimate-harm” instruction, emphasizing its well-established position in such instances.

Moreover, the federal government defended the courtroom’s evidentiary rulings, together with the choice to restrict testimony about potential losses and the declare that clients could be totally reimbursed. They argued that these claims have been each irrelevant and legally improper.

The federal government additionally supported the denial of Bankman-Fried’s request to compel third-party Debtors to supply particular recordsdata, explaining that the courtroom acted accurately since these recordsdata weren’t in its possession.

The submitting acknowledged:

“In any occasion, as a result of Bankman-Fried obtained the precise objects he sought from the Debtors, and he has not recognized every other materials proof he was denied, Bankman-Fried has failed to indicate an impact on his proper to a good trial.”

In the end, the federal government concluded that Bankman-Fried failed to indicate any violation of his proper to a good trial, additional solidifying their stance that the conviction and sentence ought to stand.