Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023.
A lawyer for FTX founder Sam Bankman-Fried on Thursday filed a notice of appeal of his federal fraud and conspiracy conviction and his 25-year prison sentence.
Bankman-Fried, 32, was convicted at trial in November of seven fraud and conspiracy counts related to misappropriating around $10 billion in customer money.
The Manhattan U.S. Attorney's Office said Bankman-Fried oversaw a conspiracy that looted customer funds to make investments and fund political donations to Democrats and Republicans.
He also used the swindled funds for personal expenses and to repay loans taken out by Alameda Research, prosecutors said.
Persons:
Sam Bankman, Fried, Alexandra Shapiro
Organizations:
Alameda Research, Prosecutors, 2nd Circuit U.S, of Appeals, Circuit, U.S, Supreme, Manhattan U.S, Attorney's, Republicans
Locations:
New York, U.S, Manhattan