Sam Bankman-Fried wants a re-trial on the fraud charges


Former cryptocurrency poster boy Sam Bankman-Fried is trying to get another chance in court. He filed a request for a new trial on claims that new witness testimony could change the case made against him by prosecutors, according to Bloomberg. His chances of getting a retrial, where he will represent himself, seem slim. This is a different gesture from a formal one APPEAL of his previous conviction.

Bankman-Fried is one of several cryptocurrency leaders who have since been indicted for fraud. After being imprisoned for witness tamperingfound him Guilty on seven counts of fraud and conspiracy in 2023. Bankman-Fried is sentenced up to 25 years in prison for his actions as CEO and co-founder of crypto exchange FTX.



Source link

  • Related Posts

    Sony May Improve Sound and Features in Next Earbuds

    Sony’s WF-1000XM6 earbuds are coming soon, according to Image leaks from online retailers. And we now have a better idea of ​​the technology these active noise-cancelling earbuds will pack, thanks…

    Spotify Founder’s Drone Startup Wins German Military Contracts

    An AI defense company backed by Spotify founder Daniel Ek will provide up to €1.46 billion (approximately $1.74 billion) worth of unmanned kamikaze drones to the German armed forces, according…

    Leave a Reply

    Your email address will not be published. Required fields are marked *