Sam Bankman-Fried wants a re-trial for fraud charges
Source: Engadget
New Motion for Retrial
Former cryptocurrency poster boy Sam Bankman‑Fried has filed a request for a new trial, arguing that fresh witness testimony could change the case against him. The motion was reported by Bloomberg. His chances of securing the retrial—where he would represent himself—appear slim. This request is separate from a formal appeal of his earlier conviction.
Background
- Bankman‑Fried is among several cryptocurrency executives who have faced fraud prosecutions.
- After being jailed for witness tampering, he was found guilty on seven counts of fraud and conspiracy in 2023 (Engadget).
- He was subsequently sentenced to 25 years in prison for his actions as CEO and co‑founder of the crypto exchange FTX (Engadget).