Legal Team Appeals Conviction and Sentence of Former FTX CEO, Sam Bankman-Fried
Summary:
Legal representatives for former FTX CEO, Sam “SBF” Bankman-Fried, are appealing his conviction and 25-year federal prison sentence for seven felony counts. The appeal followed the sentencing maintained in late March and additionally requests for Bankman-Fried's stay in Brooklyn's Metropolitan Detention Center during the appeal instead of a federal prison in San Francisco Bay Area. This is an ongoing case and further developments are expected.
Legal representation for Sam “SBF” Bankman-Fried, former FTX CEO, have initiated the process to dispute his conviction and penalty. Attorney Alexandra Shapiro, in a notice submitted to the United States District Court for the Southern District of New York on April 11, stated that Bankman-Fried plans to contest his guilty verdict on seven felony charges, and the 25-year federal prison sentence meted out by Judge Lewis Kaplan. During Bankman-Fried's sentencing on March 28, his legal team made known their intention to challenge the verdict, hence this move was anticipated. Source: Courtlistener
The appeal lodging happened a fortnight after the sentencing of Bankman-Fried. On April 8, Bankman-Fried's legal counsel requested Judge Kaplan to pass an order permitting SBF to stay in the Metropolitan Detention Center in Brooklyn during the appeal process, instead of a federal penitentiary in the San Francisco Bay Area. This report is still unfolding, and additional details will be provided as they emerge.
Published At
4/11/2024 9:36:22 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.