Former FTX CEO Sam “SBF” Bankman-Fried’s appeals case is scheduled for arguments on Nov. 4 in the US Court of Appeals for the Second Circuit, following his 2023 conviction and 25-year sentence. Bankman-Fried argues he was never presumed innocent and that prosecutors presented false claims about FTX user funds.
FTX, facing bankruptcy in November 2022, saw several C-suite executives criminally charged after its collapse. Bankman-Fried, the only one to maintain a not guilty plea, was monitored globally during his New York trial. Despite initial bail at his parents’ California home, it was subsequently revoked due to witness intimidation allegations.
Following Bankman-Fried’s trial, sentencing hearings were held for his associates, including his ex-girlfriend Caroline Ellison and former FTX executives Ryan Salame, Gary Wang, and Nishad Singh. Ellison received a two-year prison sentence, while Wang and Singh received time served. Salame was sentenced to over seven years in prison after attempting to vacate his plea.
Reports suggest Bankman-Fried may be seeking a pardon from US President Donald Trump, despite moving forward with his appeals case. Trump previously pardoned Silk Road founder Ross Ulbricht shortly after taking office. Bankman-Fried has expressed a willingness to align more closely with Republicans and right-leaning politicians.
Read more at Cointelegraph.: US Court To Hear Arguments For Sam Bankman-Fried’s Appeal On Nov. 4
