A three-judge panel of the U.S. Court of Appeals for the Second Circuit has unanimously upheld Sam Bankman-Fried’s fraud conviction and 25-year prison sentence.
The ruling rejected claims that his trial was unfair or that evidentiary rulings prevented a proper defense, reports Reuters.
The court described the government’s evidence as robust and noted Bankman-Fried as the main driver of one of the largest frauds on record involving the collapse of the crypto exchange FTX.
The panel reviewed arguments regarding trial fairness and found them unpersuasive in a 42-page opinion.
Bankman-Fried was convicted in 2023 on charges related to misusing customer funds at the cryptocurrency exchange.
The appeals decision leaves the sentence and $11 billion forfeiture order intact.
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