SBF Loses Appeal: Court Upholds FTX Fraud Conviction and 25-Year Sentence

TLDR: Appeals court upholds Bankman-Fried’s fraud conviction and 25-year prison sentence. Judges called the government’s evidence against him “conservatively stated, robust.” Former deputies’ testimony proved he diverted FTX funds to Alameda Research. Bankman-Fried remains imprisoned near Santa Barbara, eligible for release in 2044. Sam Bankman-Fried has lost his appeal to overturn his fraud conviction and [...]

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