FTX founder Sam Bankman-Fried has requested an appellate courtroom to assessment his case two weeks after a US district decide sentenced him to spend greater than twenty years behind bars.
In a brand new courtroom doc filed on April eleventh, Bankman-Fried’s lawyer, Alexandra Shapiro, notified the US District Courtroom for the Southern District of New York that the previous chief government is interesting his conviction and sentence to the US Courtroom of Appeals for the Second Circuit.
Authorities accused Bankman-Fried of facilitating a scheme that siphoned over $8 billion in FTX buyer funds to his buying and selling agency, Alameda Analysis, representing what prosecutors known as one of many largest monetary frauds in historical past.
In November, a jury discovered Bankman-Fried responsible of wire fraud and conspiracy to commit wire fraud towards FTX clients; wire fraud and conspiracy to commit wire fraud towards Alameda lenders; conspiracy to commit securities fraud towards FTX buyers; conspiracy to commit commodities fraud towards FTX clients and conspiracy to commit cash laundering.
On March twenty eighth, Choose Lewis A. Kaplan sentenced Bankman-Fried to 25 years in jail and three years of supervised launch. He additionally ordered the 32-year-old to pay $11 billion in forfeiture.
Bankman-Fried already expressed an intention on the time to attraction his conviction and sentence.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Test Price Action
Observe us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in affiliate internet marketing.
Generated Picture: Midjourney
