FTX’s Sam Bankman-Fried Wants a New Trial, Claims He Was a Political Victim of the Biden Administration
Imprisoned FTX CEO Sam Bankman-Fried filed a motion for a new trial, alleging he was a political victim of the Biden administration.Summary
Sam Bankman-Fried (SBF), the imprisoned former CEO of FTX, has filed a motion for a new trial in the Southern District of New York, citing the Due Process Clause and Rule 33 of the Federal Rules of Criminal Procedure. SBF continues to dispute the circumstances of FTX's bankruptcy and his conviction, claiming in recent posts that he never approved the Chapter 11 filing and that lawyers forced the company into bankruptcy despite FTX being solvent. He alleges prosecutors withheld evidence of solvency and framed his conviction as politically motivated "lawfare" waged by the Biden administration. Bankman-Fried is currently serving a 25-year sentence following his conviction for fraud and conspiracy related to FTX's $8 billion collapse in late 2022.
(Source：Bitcoin Magazine)