SBF Seeks Retrial in Attempt to Overturn FTX Fraud Conviction

Odaily News: Sam Bankman-Fried (SBF), the convicted former CEO of FTX, is seeking a new trial. According to reports, his mother recently filed an application with a New York federal court, claiming that new evidence has emerged in the case and that the related fraud charges should be retried.

Currently, SBF is advancing this application pro se. According to legal procedures, he must demonstrate the existence of significant new evidence that could affect the original verdict to have a chance at obtaining a new trial.

SBF was previously sentenced to 25 years in prison for his role in the FTX collapse and has continued to challenge the judgment through appeals and other means. His past defense has emphasized that FTX was not completely insolvent at the time of its collapse. However, appellate court judges have pointed out that the core of the case lies in whether customer funds were misappropriated and investors were misled, not the company's solvency.

Furthermore, U.S. President Trump recently stated that he would not consider granting SBF a pardon.