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:游戏)
- 加密货币的高价:针对数字财富的全球绑架危机
- 新天然气接待60家机构调研,包括鹏华基金、国泰基金、汇添富基金等
- 火币上线以太
- 烽火通信收盘跌0.1%,主力资金净流出8952.53万元
- 固定资产清理是什么科目
- 比特币BTcv今日行情-比特币btc价格今日行情
- LayerZero collaborates with multiple institutions such as a16z to launch the lzCatalyst program, supporting the development of ecological protocols
- 印度一富翁将折合8.4亿元人民币的大部分遗产将留给爱犬 曾以23亿美元收购捷豹和路虎
- ASIC 寻求高等法院就加密货币收益产品做出裁决
- 怎么查看过去的天气-怎么查看过去的天气记录
- 固定资产清理是什么科目
- 豫园股份:ESG方面正在通过打造大豫园片区助力城市更新
- 火币网是传销吗
- ram的实时行情-ram价格趋势
- 东山精密:将参加“苏州上市公司投资者集体接待日”活动进行线上互动交流
- 智微智能:基于NVIDIA Jetson Orin模组推出边缘计算产品 E 系列,适配OpenHarmony的产品线共计20余款
- dragonchain有钱包吗-dragon币
- 涨停揭秘 | 东方集团8连板涨停,封板资金1.4亿元
- 股票t开头是什么意思是什么意思-t开头的股票
- 1token价格
- 加密货币交易所 views+
- 数字货币交易平台app views+
- 数字货币交易app views+
- 亿欧app下载 views+
- 虚拟货币交易 views+
- oe交易所app下载 views+
- okx官方 views+
- 易欧app官网下载 views+
- 虚拟货币交易平台排名 views+