Sam Bankman-Fried (SBF), the former CEO of the defunct crypto exchange FTX, has appealed his fraud conviction, asking for a retrial. SBF argues that Judge Lewis Kaplan wasn’t fair in adjudicating the case, ultimately leading to his conviction. In March earlier this year, SBF was sentenced to 25 years in jail, having been found guilty of the seven charges against him, including defrauding FTX customers of $8 billion. However, he maintains his innocence, arguing he didn’t steal these funds.

Sam Bankman-Fried Looks To Overturn Fraud Conviction

The New York Times reported that Sam Bankman-Fried has filed a 102-page appeal asking the court for a retrial. The notice of appeal claimed that Judge Lewis Kaplan made several rulings that impeded the FTX founder from putting up a proper defense. SBF’s lawyer suggested that Kaplan was biased as he had already presumed that the defendant was guilty from the start.

Bankman-Fried has maintained his innocence since he was arrested in November 2022, arguing that he never stole customers’ funds. Just like he argued in his sentencing recommendation, SBF again argued in his appeal that FTX customers didn’t lose their money since there are plans to refund these customers as part of the bankruptcy process.

The post Breaking: Sam Bankman-Fried Appeals Fraud Conviction, Argues Judge Was Biased appeared first on CoinGape.

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