The US authorities have rejected Sam Bankman-Fried‘s appeal to overturn his conviction and sentencing related to the bankrupt FTX collapse.
According to a recent court filing, the government found no merit in his claims, asserting that the jury’s verdict and the trial’s outcome were sound.
Bankman Fried, founder of now defunct FTX, sought to reverse his conviction at the Second Circuit Court of Appeals. He claimed that Judge Lewis Kaplan’s procedural errors and judicial bias undermined the trial.
Bankman-Fried claimed the judge’s decisions restricted key defense arguments and limited evidence about his investments. He also suggested that FTX’s financial troubles were overstated, implying customers could still recover their funds.
He requested that his conviction be reversed and a new trial conducted based on the above assertions.
Appeal rejected by the Government
The government, however, dismissed these arguments, stating that Bankman-Fried’s appeal failed to demonstrate any errors or prejudice in the original trial.
They maintained that the court’s decisions were lawful and standard in fraud cases. Specifically, the court’s decisions were deemed to be legal and standard in fraud cases. “no-ultimate-harm”In such situations, the role of this institution is well established.
Additionally, the government defended the court’s evidentiary rulings, including the decision to limit testimony about potential losses and the claim that customers would be fully reimbursed. The government argued these claims are both legally incorrect and irrelevant.
The government also supported the denial of Bankman-Fried’s request to compel third-party Debtors to produce specific files, explaining that the court acted correctly since those files were not in its possession.
It stated that:
“In any event, because Bankman-Fried received the specific items he sought from the Debtors, and he has not identified any other material evidence he was denied, Bankman-Fried has failed to show an effect on his right to a fair trial.”
In the end, the government determined that Bankman Fried had not shown any violations of his right to fair trial. This further solidified their belief that the sentence and conviction should be upheld.
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