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Jailed FTX founder Sam Bankman-Fried files a motion seeking a new trial

The Block
Jailed FTX founder Sam Bankman-Fried has filed a motion seeking a new trial, alleging the DOJ withheld information.

Summary

Sam Bankman-Fried, the jailed former CEO of FTX, has filed a motion for a new trial following his conviction on seven counts of fraud related to the collapse of his cryptocurrency exchange. The motion, filed by his mother "pro se" in the U.S. District Court for the Southern District of New York, claims the Department of Justice (DOJ) pressured witnesses to withdraw their testimony for his defense. Bankman-Fried also requested that the previous judge, Lewis Kaplan, be recused. He was found guilty in November 2023 and subsequently sentenced to 25 years in prison for defrauding customers, lenders, and investors. This new filing follows a previous appeal for a new trial filed in November, which the Second Circuit Court of Appeals has yet to address.

(Source:The Block)