US Appeals Court Upholds Sam Bankman-Fried Conviction
JH Kim
Summary
- A federal appeals court in New York upheld the fraud and conspiracy conviction of FTX founder Sam Bankman-Fried (SBF).
- SBF was sentenced to 25 years in prison after being charged with misappropriating FTX customer funds.
- The appeals court left the lower court's ruling unchanged, keeping the conviction and 25-year prison sentence in place.
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A federal appeals court in New York has upheld the fraud and conspiracy conviction of FTX founder Sam Bankman-Fried, Yahoo Finance reported on August 4.
Bankman-Fried, also known as SBF, was sentenced last year to 25 years in prison after being charged with misappropriating FTX customer funds. The appeals court left the lower court's ruling unchanged.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.