Former FTX CEO SBF appeals, criticizing judicial injustice and calling for a retrial
According to The Block, Sam Bankman Fried (SBF), former CEO of cryptocurrency exchange FTX, has appealed and requested a retrial. His lawyer criticized New York District Court Judge Lewis Kaplan's handling of the case and stated that SBF should not be prohibited from presenting certain evidence.
He was presumed guilty even before being charged. The media presumed him guilty, and he was presumed guilty by the FTX debtor consortium and its lawyers, "SBF's lawyer said in the 102 page appeal." Federal prosecutors were eager to seek headline news and presumed him guilty, and the presiding judge also presumed him guilty
SBF was found guilty of all seven criminal charges of defrauding FTX customers, lenders, and investors by a jury in New York in November. The prosecutor stated that SBF planned "possibly the largest fraud case in the past decade" and compared it to Bernie Madoff, the mastermind behind the Ponzi scheme. Subsequently, he was sentenced to 25 years in prison.
Reason for appeal
SBF's lawyer Alexandra Shapiro argued in the appeal that the jury was "only allowed to see half of the story" because the court ruled that whether SBF intended to steal clients' funds was not a key factor. Shapiro added that the former CEO could have testified that he relied on legal advice on certain business matters, but the court prevented him from doing so.
Shapiro stated that the court prevented SBF from presenting evidence of the solvency of FTX and hedge fund Alameda. During the interrogation, the prosecutor hinted that both companies were unable to repay their debts. Shapiro said:
When presenting these arguments, the government copied the statements of FTX debtors, intentionally making the outside world believe that any losses suffered by customers should be attributed to Bankman Fried, rather than their poor management of the consortium's assets
Prosecutors also accused SBF of spending billions of dollars on luxury apartments and political donations, claiming that the money was gone. Shapiro stated that this statement is incorrect, "as everyone now knows, FTX customers and Alameda creditors will receive repayment from the bankruptcy estate. According to reports, the FTX consortium has recovered up to $16.3 billion in assets.
Bankman Fried did not lose or steal all the money, and his investments were not dangerous or foolish. Many of these investments, such as his $500 million investment in Anthropic and his investment in Solana, were visionary, "Shapiro added." However, these investments lack liquidity, which means they cannot be immediately converted into cash to cope with the run caused by customer withdrawals in November 2022. FTX is facing a liquidity crisis, not a solvency crisis
Shapiro stated that SBF should ultimately be allowed to refute the prosecution's arguments. According to the appeal, "if the judge allowed the defense to provide evidence, all of this could have been proven in the trial," and "the bias arising from the error can be summarized simply: the prosecution was allowed to present an objectively erroneous case, but the defense was not allowed to refute it.
Shapiro argued in his appeal that Judge Kaplan clearly showed during the trial that he did not like SBF and accused him of favoring the government. The lawyer also claimed that the judge "improperly urged the jury" to make a verdict within one night, partly due to the provision of free dinner and vehicle services. Shapiro said, "Judge Kaplan has repeatedly expressed his firm belief in Bankman Fried's guilt
(责任编辑:货币)
- 深图股票-深图科技
- meme币交易所app下载 meme币交易所app官网下载最新版本
- 新加坡,创新和监管十字路口的加密中心
- 汇川技术(300124.SZ):大型PLC产品目前处于研发阶段,预计今年年底推出样机
- ipfs认购价格-ipfs购买
- 航母概念31日主力净流出12.92亿元,中国船舶、中国重工居前
- 请问广发diy信用卡积分有什么用,怎么用啊?
- 派币能换成人民币吗-Pi币兑换CNY
- BingX Launchpool 上線 AgentLayer,推出全新質押機會
- 五险一金交多少
- 解读 Messari 代币解锁报告:新增 5% 的流通量会显著影响币价,11 月第 1 周将出现最大解锁
- 银行卡没激活能存钱吗?学校发的银行卡如何使用?
- 加密早报:美联储大幅降息 50 个基点,Aleo 主网正式上线
- 安妮股份收盘涨9.94%,主力资金净流入9809.81万元
- 正泰电器收盘涨8.21%,主力资金净流出2600.79万元
- 理邦仪器收盘跌1.61%,主力资金净流出3233.29万元
- BTC交易所国内版v6.0.9下载-芝麻交易所比特币交易所大陆版最新下载
- 中国银行2024年前三季度业绩亮眼:深入推进“五篇大文章”战略,经营管理保持稳中有进
- 科大讯飞收盘涨0.88%,主力资金净流入6362.87万元
- nmc什么币
- ok币 views+
- 虚拟货币交易平台排名 views+
- oe交易所app下载 views+
- 易欧app官网下载 views+
- 欧易app官方下载入口 views+
- 欧易开户 views+
- okx网页版 views+
- 欧易正规 views+
- 欧亿app官网正式版下载 views+
- okx交易所app官网链接 views+