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:基金工具)
- 数字货币兑换人民币的方法及步骤
- app下载安卓版官方 meme币最新版下载安卓版5.3.22
- 股票基金名称
- 什么是哑铃策略?本轮牛市用哑铃策略能赚钱吗?
- 新浪区块链行情中心-新浪区块链行情中心官网
- meme币交易中心手机app最新版 meme币比安卓手机平台软件
- 发行可转换公司债券分录怎么做
- 誉辰智能:锂电海外订单进展顺利,意大利办事处、匈牙利分公司已设立,确保海外订单顺利交付
- 股票质押借钱-股票质押借钱利息多少
- 江苏雷利:新客户逐步进入量产阶段,预计四季度订单保持增速,未来汇率影响可控
- 美国最高法院裁定美联储为独特准私人实体
- xmr币的价格
- 为什么天气为什么下雨
- 香港金融管理局:9月份港元货币供应量M2及M3均上升0.9%
- maggie币最新价格-gmee币价格
- 涨停揭秘 | 安徽凤凰首板涨停,封板资金4774.75万元
- 深信服发生1笔大宗交易,折价率为10.58%
- 涨停揭秘 | 福光股份首板涨停,封板资金453.87万元
- 胜狮货柜(00716.HK):刘敏仪辞任非执行董事
- 致欧科技(301376.SZ):控股股东解除一致行动关系
- okb交易所官网 views+
- okx交易所app官网链接 views+
- 全球三大虚拟货币交易平台 views+
- 亿欧app下载 views+
- 欧易开户 views+
- 数字货币交易app views+
- OK交易所官网入口登录 views+
- 欧易交易所 电脑 views+
- okcoin下载官方app views+
- 十大虚拟货币交易平台app views+