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：财富观察)

• ·公司刷信用卡怎么做会计分录
• ·大智慧收盘涨5.84%，主力资金净流入1.08亿元
• ·fil封装机价格-fil封装机配置
• ·一枚比特币-单个比特币的详细信息
• ·币安钱包日交易量达50亿美元超越多家竞争对手
• ·OKX安卓客户端下载指南，如何从官网安全下载并使用
• ·火币网ico
• ·meme币钱包下载官网APP meme币软件客户端下载
• ·员工体检费的专票可以抵扣吗
• ·meme币交易中心手机端下载平台 meme币交易中心官方版
• ·25 基点「巨亏」，50 基点「恐慌」！面对市场逼宫，美联储今晚如何降？
• ·川环科技收盘涨14.64%，主力资金净流入8421.87万元
• ·JPMorgan CEO Damon: JPMorgan may be one of the biggest users of memory blockchain technology
• ·寻道大千山海万象第四关怎么打 寻道大千世界笔趣阁
• ·用过的来说说广发车主卡怎么样啊？
• ·10月31日宏利睿智成长混合A净值下跌0.33%，近1个月累计下跌2.22%