Prosecutors Slam Bankman-Fried's New Trial Bid, Cite Misleading Claims
US prosecutors have urged a federal court to reject Sam Bankman-Fried's request for a new trial. The FTX founder, currently serving a 25-year prison sentence for defrauding customers of his collapsed cryptocurrency exchange, made the motion himself from behind bars in California.
The government argued that Bankman-Fried's claims about the circumstances surrounding his conviction are unsupported and misleading. He had claimed that prosecutors intimidated potential witnesses who could have provided testimony supporting his defense, but government attorneys rejected this assertion, saying the individuals he mentioned were already known to his legal team before the trial.
Prosecutors also disputed Bankman-Fried's repeated claim that FTX remained solvent at the time of its collapse. They argued that this argument relies on accounting approaches that experts and the jury had already rejected during the trial proceedings.