Prosecutors Reject Bankman-Fried's Retrial Bid
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Prosecutors oppose Sam Bankman-Frieds request for a new trial, citing that testimony from two former FTX executives does not qualify as newly discovered evidence. The defense argues these statements could challenge the governments case on FTXs finances. Bankman-Fried was convicted in November 2023 on seven counts of fraud and conspiracy, sentenced to 25 years. He is appealing the conviction and awaiting a ruling on the retrial push. Speculation about a presidential pardon has emerged, but Trump has no plans to pardon him.
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