US EditionBankman-Fried appeals FTX fraud conviction, 25-year sentence
- Founder of FTX appeals 25-year sentence for fraud and conspiracy convictions.
- His conviction involved misappropriating around $10 billion in customer funds.
- Only 10% of federal criminal appeals lead to overturned convictions.
41 Articles
41 Articles
FTX crypto exchange founder appeals fraud conviction, 25-year prison sentence
Former billionaire crypto trader Sam Bankman-Fried has filed an appeal against his fraud conviction and 25-year jail sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded in one of the biggest financial frauds in the history of the United States, which impacted victims all over the world, including France.
US crypto entrepreneur Sam Bankman-Fried appeals against his sentence of 25 years in prison. This emerges from a court document published on Thursday. The sentence had been imposed by a New York judge two weeks ago. The founder of the bankrupt cryptocurrency exchange platform FTX was found guilty by a jury in November of embezzling billions of dollars in customer funds. At the time, the second-largest cryptocurrency exchange in the world went ba…
Bankman-Fried Appeals Fraud Conviction and 25-Year Sentence
Disgraced cryptocurrency con man Sam Bankman-Fried on Thursday appealed his fraud conviction and 25-year prison sentence, handed down after he was found responsible for orchestrating one of the biggest financial fraud schemes in American history.
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