Sam Bankman-Fried Appeals Fraud Conviction to US Supreme Court
- Sam Bankman-Fried filed an appeal on September 10, seeking to overturn his fraud conviction and obtain a new trial.
- His appeal challenges an $11 billion forfeiture order, citing the Eighth Amendment’s prohibition against excessive fines.
- Bankman-Fried argues that he was not allowed to present evidence showing that his investments could cover potential losses for FTX customers.
- The appeal references a unanimous Supreme Court ruling from 2025 regarding wire fraud and economic harm, which may impact the admissibility of loss evidence in his case.
- In April, a federal court denied his motion for a new trial based on claims of new evidence.
This appeal is part of Bankman-Fried’s ongoing legal battles following his conviction in which he was sentenced to serve time for funneling billions from Alameda Research and misusing funds from FTX customers. His case could be reviewed by the Supreme Court later this year.
Bankman-Fried’s challenge includes questioning the legitimacy of financial loss evidence presented at trial, as he seeks to reverse an $11 billion forfeiture order.(Source)
