Sam Bankman-Fried Loses Bid To Overturn Crypto Fraud Conviction (reuters.com)
- Reference: 0183770622
- News link: https://yro.slashdot.org/story/26/06/12/1741212/sam-bankman-fried-loses-bid-to-overturn-crypto-fraud-conviction
- Source link: https://www.reuters.com/legal/government/sam-bankman-fried-loses-bid-overturn-crypto-fraud-conviction-2026-06-12/
> In a unanimous decision, a three-judge panel of the Manhattan-based 2nd U.S. Circuit Court of Appeals said prosecutors' evidence against Bankman-Fried "was, conservatively stated, robust." "While he was publicly reassuring customers, investors and regulators that FTX customer funds were safe, he was simultaneously using FTX as his own personal piggy bank, spending customer funds on real estate, political contributions, and investments," Circuit Judge Barrington Parker wrote on behalf of the panel.
>
> Bankman-Fried's lawyers did not immediately respond to a request for comment. They may next ask all the active judges on the 2nd Circuit to hear the case, or ask the U.S. Supreme Court to take up the case. Bankman-Fried is also seeking a pardon from President Donald Trump, according to the Justice Department's Office of the Pardon Attorney.
Bankman-Fried was [2]sentenced to 25 years in prison in 2024 for "masterminding one of the largest financial frauds in American history," wrote US District Judge Lewis Kaplan. He was convicted on all charges, including wire fraud, conspiracy to commit securities fraud, commodities fraud, and money laundering.
[1] https://www.reuters.com/legal/government/sam-bankman-fried-loses-bid-overturn-crypto-fraud-conviction-2026-06-12/
[2] https://yro.slashdot.org/story/24/03/28/1552210/sam-bankman-fried-sentenced-to-25-years-in-prison
Bribes (Score:5, Informative)
Just bribe Trump. It's been shown to work many times already.
Re:Bribes (Score:5, Informative)
Pardons are set at $1 million. [1]https://www.congress.gov/119/m... [congress.gov]
[1] https://www.congress.gov/119/meeting/house/118796/documents/HHRG-119-GO00-20260107-SD067.pdf
Re: (Score:2)
I mean, it doesn't ALWAYS work. The bribe has to be big enough, or you just have to stroke his ego properly.
Re: (Score:2, Insightful)
I've heard this repeatedly from those with TDS.
Yet, it doesn't actually seem to work?
Has Trump pardoned a bunch of shitty people? Yep.
Then again, he didn't issue 'pre-emptive' pardons for his family, friends, crackhead son, etc yet, so there's that. Or how about 1500 commutations and 39 pardons on a single day? [1]https://news.wttw.com/2024/12/... [wttw.com]
I mean Kaboni Savage is a particularly awful person. I mean, "burnt a family alive and laughed about it" not "misvalued his commercial property" bad, amirite?
I see
[1] https://news.wttw.com/2024/12/12/biden-commutes-roughly-1500-sentences-and-pardons-39-people-biggest-single-day-act
Re: (Score:3)
Then again, he didn't issue 'pre-emptive' pardons for his family, friends, crackhead son, etc yet,
The only reason Biden issued those pardons was because Trump was bragging about how he was going to weaponize the DOJ to go after people.
As for the clemencies, that does not absolve the person of the crime they committed. All it does is show mercy on them.
Compare that to all the January 6th terrorists who have been pardoned. And now there's talk of paying them for their troubles. No, not the $1.
effective altruism (Score:3)
Guess it was not so effective.
Re: (Score:1)
If he wanted to give lawyers a bunch of money, I guess it worked.
If he can scrape up enough for a bribe... (Score:1, Redundant)
then Trump will pardon him on the way out. Might do for Ghislaine too
He deserves to rot in jail (Score:2)
He could have still made billions being legitimate he didn't have to be a criminal at all. He cost thousands and possibly millions of people an extremly large amount of money and prosperity.
He'll be pardoned anyway (Score:1)
A Trump pardon for his crypto bro is imminent anyway.
The girlfriend is already out (Score:2)
Caroline Ellison was released from federal custody back in January.
Give the "unfortunate looking woman" (to use my grandmother's euphemism) credit for knowing when the jig was up and promptly switching to canary mode.
It's All Over Except for the Crying (Score:3)
Well, he's likely at this point out of options. If you get a unanimous ruling at the first appeals level, the higher appeals court generally won't take the case.
Re: (Score:2)
I am not sure about that: Trump might pardon him.
If he's so smart, then why ain't he rich? (Score:2)
Oh wait. Was SBF rich? Or was it all smoke and mirrors?
But I'm sure SBF ain't so smart. If he can't figure out how to bribe the YOB, then he must be an idiot. I would say let me count the ways, but I've already lost count.
So time for the usual plug for a book? Near as I can tell that makes me dumb if i think there's going to be any positive reaction to a book on today's Slashdot, but still... Michael Lewis writes so well and he did do a book on SBF. Fun story, but mostly wound up feeling like it was all smo
Re: (Score:3)
Hes the right idolized religion, he will be pardoned and spend the rest of his days in Tel Aviv.
Re: (Score:3)
Not since he donated to Democrats. I mean Trump pardoned Pirate Roberts so there is hope and that dude was way worse (harm wise).