Sam Bankman-Fried wants a re-trial for fraud charges
Former cryptocurrency poster boy Sam Bankman-Fried is trying to get another chance in court. He has filed a request that for a new trial on claims that new witness testimony could alter the case made against him by prosecutors, according to Bloomberg. His odds for getting the re-trial, where he’d be representing himself, seem pretty…
Former cryptocurrency poster boy Sam Bankman-Fried is trying to get another chance in court. He has filed a request that for a new trial on claims that new witness testimony could alter the case made against him by prosecutors, according to Bloomberg. His odds for getting the re-trial, where he’d be representing himself, seem pretty slim. This is a separate motion from a formal appeal of his previous conviction.
Bankman-Fried is one of many cryptocurrency leaders who have since been prosecuted for fraud. After being jailed for witness tampering, he was found guilty of seven charges of fraud and conspiracy in 2023. Bankman-Fried was sentenced to 25 years in prison for his actions as CEO and co-founder of crypto exchange FTX.
