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Sam Bankman-Fried’s Request for New Trial Tossed by Judge

Cointelegraph
A federal judge has denied Sam Bankman-Fried’s motion for a new trial, labeling his claims of new evidence as baseless and conspiratorial.

Summary

Judge Lewis Kaplan has formally denied a motion for a new trial filed by Sam Bankman-Fried, the convicted former CEO of FTX. Bankman-Fried had argued that new evidence from former executives could disprove government allegations regarding the exchange's insolvency. However, Judge Kaplan rejected these claims, noting that the witnesses were known to Bankman-Fried prior to his trial and that the accusations of government misconduct were unsubstantiated.

Bankman-Fried, who is currently serving a 25-year prison sentence for fraud and money laundering, attempted to file the motion without his legal counsel's consultation. Judge Kaplan dismissed the request, suggesting the move was part of a broader, pre-meditated effort by Bankman-Fried to rehabilitate his reputation following the collapse of FTX.

(Source:Cointelegraph)