US Prosecutors Oppose Sam Bankman-Fried’s New Trial Bid: Report
US prosecutors urged a judge to deny Sam Bankman-Fried's request for a new trial, citing insufficient legal grounds.Summary
US prosecutors have formally asked a federal judge to reject Sam Bankman-Fried's motion for a new criminal trial following his conviction related to the FTX collapse. Prosecutors argued that the evidence Bankman-Fried cited—testimony from former FTX executives Ryan Salame and Daniel Chapsky—does not meet the legal standard for a retrial because both individuals were known to the defense before the initial 2023 trial. Bankman-Fried filed the motion in February, claiming this new testimony could undermine the government's case regarding FTX's financial condition. The judge has not yet ruled on the retrial request, while Bankman-Fried is also separately appealing his conviction. Bankman-Fried was convicted in November 2023 on seven counts of fraud and conspiracy and sentenced to 25 years in prison.
(Source：Cointelegraph)