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Second Circuit denies Sam Bankman-Fried’s bid to overturn FTX crypto fraud conviction

Second Circuit denies Sam Bankman-Fried’s bid to overturn FTX crypto fraud conviction

The convicted FTX founder has already filed an application for a presidential pardon, according to Department of Justice records.

MANHATTAN (CN) — A New York federal appeals court on Friday upheld the criminal convictions of cryptocurrency mogul Sam Bankman-Fried, who is serving a 25-year prison sentence for defrauding investors and lenders in connection with his collapsed cryptocurrency exchange platform FTX.

Bankman-Fried, 34, argued on appealhe had been “hamstrung” at trial by the prejudicial rulings of the Manhattan federal judge who oversaw his criminal fraud case. He said he was never afforded the presumption of innocence in his high-profile criminal proceedings.

The convicted FTX founder stressed he was wrongfully precluded…

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