5 months ago
The US authorities person rejected Sam Bankman-Fried‘s entreaty to overturn his condemnation and sentencing related to the bankrupt FTX collapse.
According to a caller tribunal filing, the authorities recovered nary merit successful his claims, asserting that the jury’s verdict and the trial’s result were sound.
Bankman-Fried, the laminitis of the now-defunct FTX exchange, had sought to overturn his conviction successful September astatine the Second Circuit Court of Appeals. He argued that judicial bias and procedural missteps, peculiarly by Judge Lewis Kaplan, undermined his trial.
Bankman-Fried claimed the judge’s decisions restricted cardinal defence arguments and constricted grounds astir his investments. He besides suggested that FTX’s fiscal troubles were overstated, implying customers could inactive retrieve their funds.
Based connected these assertions, helium requested a retrial and reversal of his conviction.
Government rejects appeal
The government, however, dismissed these arguments, stating that Bankman-Fried’s entreaty failed to show immoderate errors oregon prejudice successful the archetypal trial.
They maintained that the court’s decisions were lawful and modular successful fraud cases. Specifically, they countered his objection to the “no-ultimate-harm” instruction, emphasizing its well-established relation successful specified cases.
Additionally, the authorities defended the court’s evidentiary rulings, including the determination to bounds grounds astir imaginable losses and the assertion that customers would beryllium afloat reimbursed. They argued that these claims were some irrelevant and legally improper.
The authorities besides supported the denial of Bankman-Fried’s petition to compel third-party Debtors to nutrient circumstantial files, explaining that the tribunal acted correctly since those files were not successful its possession.
The filing stated:
“In immoderate event, due to the fact that Bankman-Fried received the circumstantial items helium sought from the Debtors, and helium has not identified immoderate different worldly grounds helium was denied, Bankman-Fried has failed to amusement an effect connected his close to a just trial.”
Ultimately, the authorities concluded that Bankman-Fried failed to amusement immoderate usurpation of his close to a just trial, further solidifying their stance that the condemnation and condemnation should stand.
The station US authorities rejects Sam Bankman-Fried’s condemnation appeal appeared archetypal connected CryptoSlate.
English (US) 