Sam Bankman-Fried Loses Appeal as Federal Court Upholds 'Robust' Fraud Conviction

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FTX co-founder and former CEO Sam Bankman-Fried lost a bid to overturn his 25-year prison sentence and fraud conviction Friday, with a panel of federal appeals judges unanimously upholding the verdict.

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The Manhattan-based judges, of the Second Circuit Court of Appeals, picked apart Bankman-Fried’s arguments for overturning the judgment, finding each of them uncompelling.

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“Bankman-Fried makes these arguments in the face of a trial at which the government’s evidence against him was, conservatively stated, robust,” the decision reads.