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Convicted crypto fraudster seeking Trump pardon loses bid to overturn 25 year prison sentence
Sam Bankman-Fried, the former crypto billionaire convicted for fraud in 2023, lost an appeal to overturn his conviction and 25-year prison sentence Friday, Reuters reported. A New York jury found Bankman-Fried guilty on two charges of wire fraud and five conspiracy counts in November 2023 for his actions while running FTX, a cryptocurrency exchange that declared bankruptcy in 2022 after once being valued at more than $26 billion.Bankman-Fried pleaded his case to a three-judge panel of Manhattan's 2nd U.S. Circuit Court of Appeals, who unanimously rejected his plea on Friday, calling the eviden...1 week ago
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