{"id":196502,"date":"2023-12-01T21:39:46","date_gmt":"2023-12-01T21:39:46","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196502"},"modified":"2023-12-01T21:39:46","modified_gmt":"2023-12-01T21:39:46","slug":"sam-bankman-fried-will-not-file-any-post-trial-motions-say-lawyers","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/sam-bankman-fried-will-not-file-any-post-trial-motions-say-lawyers\/","title":{"rendered":"Sam Bankman-Fried will not file any post-trial motions, say lawyers"},"content":{"rendered":"
Following his conviction on federal fraud charges on Nov. 2, former FTX CEO Sam \u201cSBF\u201d Bankman-Fried will not pursue any post-trial motions.<\/p>\n
In a Dec. 1 letter to Judge Lewis Kaplan in United States District Court for the Southern District of New York, lawyers representing Bankman-Fried said they had \u201cdecided not to file any post-trial motions\u201d but reserved their rights to pursue claims on appeal. The filing was the latest following SBF\u2019s conviction on Nov. 2 as he awaits sentencing on March 28.<\/p>\n
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It\u2019s unclear whether prosecutors plan to move forward with Bankman-Fried\u2019s second trial in March. The former FTX CEO\u2019s indictment was split in order for him to face 7 counts in October and 5 charges in March, but following a guilty verdict in November, SBF could already be looking at decades behind bars.<\/p>\n
Related: <\/em><\/strong>What\u2019s next for the \u2018crypto king\u2019 Sam Bankman-Fried?<\/em><\/strong><\/p>\n After the jury verdict was handed down, Bankman-Fried returned to the Brooklyn Metropolitan Detention Center, where he is expected to remain until sentencing. On Nov. 30, crypto blogger Tiffany Fong interviewed a former mob enforcer, Gene Borrello, who reported on some of SBF\u2019s experiences in jail. Borrello claimed another inmate attempted to extort the former FTX CEO.<\/p>\n Bankman-Fried was one of the first high-profile crypto executives to face criminal charges in the United States. Authorities arrested former Celsius CEO Alex Mashinsky in July, and at the time of publication, he remains free on bail until his September 2024 criminal trial. Changpeng Zhao, who stepped down as CEO and pleaded guilty to one felony charge as part of a settlement between U.S. officials and Binance, will be sentenced in February.<\/p>\n Magazine: <\/em><\/strong>Can you trust crypto exchanges after the collapse of FTX?<\/em><\/strong><\/p>\n