SBF Retrial Bid Meets Resistance From US Prosecutors
US prosecutors have opposed Sam Bankman-Fried's request for a retrial, arguing that the defense failed to meet the legal requirements for a new trial. Bankman-Fried had sought a retrial based on new testimony from two former FTX executives, Ryan Salame and Daniel Chapsky, claiming their accounts could weaken the prosecution’s case. However, prosecutors stated that both witnesses were known to the defense long before the original trial, undermining the motion. SBF was convicted in November 2023 on seven counts of fraud and conspiracy related to the misuse of customer funds at FTX and Alameda Research, leading to a 25-year prison sentence. His prior appeal for a pardon from former President Donald Trump was also reportedly denied.
bitcoinist03/13 10:03
