FTX founder Sam Bankman-Fried has asked an appeals court to review his case, two weeks after a U.S. district judge sentenced him to more than 20 years behind bars.
In a new court document filed April 11, Bankman-Fried’s attorney, Alexandra Shapiro, notified the U.S. District Court for the Southern District of New York that the former CEO will appeal his conviction and sentence at the United States Court of Appeals for World War II. Circuit.
Authorities accused Bankman-Fried of facilitating a scheme that siphoned more than $8 billion in FTX client funds to his trading firm, Alameda Research, in what prosecutors called one of the largest financial frauds in history.
In November, a jury found Bankman-Fried guilty of bank fraud and conspiracy to commit bank fraud against FTX customers; bank fraud and conspiracy to commit bank fraud against Alameda lenders; conspiracy to commit securities fraud against FTX investors; conspiracy to commit commodity fraud against FTX customers and conspiracy to commit money laundering.
On March 28, Judge Lewis A. Kaplan sentenced Bankman-Fried to 25 years in prison and three years of supervised release. He also ordered the 32-year-old to pay an $11 billion forfeiture.
Bankman-Fried had already expressed the intention at the time to appeal against his conviction and sentence.
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