Judge rejects new trial for former FTX CEO Sam Bankman-Fried

A federal judge slammed Sam Bankman-Fried’s request for a new trial as seemingly “a plan to rescue his reputation,” denying the former FTX boss’s request.

A Manhattan federal judge has denied former FTX CEO and co-founder Sam Bankman-Fried’s motion for a new trial, rejecting his claim that there is new evidence.

Judge Lewis Kaplan, who oversaw Bankman-Fried’s trial in 2023 and sentenced him to 25 years in prison in early 2024, wrote in an order on Tuesday that Bankman-Fried’s claim of new evidence and witnesses was baseless.

“This motion appears to be one part of a plan to rescue his reputation that Bankman-Fried hatched and even committed to writing after FTX declared bankruptcy but before he was indicted,” Kaplan wrote.

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