Sam Bankman-Fried Seeks New Trial Citing New Evidence
- Sam Bankman-Fried has requested a new trial in Manhattan after firing his attorney.
- He is representing himself and claims to have newly discovered evidence under Rule 33 of the Federal Rules of Criminal Procedure.
- Bankman-Fried is serving a 25-year sentence for seven federal fraud and conspiracy charges related to the collapse of FTX, valued at $32 billion before its downfall.
- His mother, Barbara Fried, filed the motion for a new trial on his behalf.
- The request follows his appeal in which he claimed bias from media, prosecutors, and the judge involved in his case.
Sam Bankman-Fried’s motion for a new trial hinges on purportedly new evidence that he believes merits reconsideration of his conviction. The former FTX founder, now representing himself, has taken legal action through his mother to challenge the guilty verdict delivered over two years ago.
Currently serving a lengthy prison sentence for fraud and conspiracy charges, Bankman-Fried’s latest legal maneuver aims to overturn a decision tied to one of crypto’s most significant collapses involving billions in customer funds misappropriation. Source
