Bankman-Fried Appeals Fraud Conviction and 25-Year Sentence

Disgraced cryptocurrency con man Sam Bankman-Fried on Thursday appealed his fraud convictions and 25-year prison sentence, handed down after he was found responsible for orchestrating one of the biggest financial fraud schemes in American history.

In November 2023, a jury found the embattled founder of FTX guilty on all seven criminal-fraud counts for his role in the crypto exchange’s downfall. Those counts included wire fraud on customers of FTX, conspiracy to commit wire fraud on customers of FTX, wire fraud on Alameda Research lenders, conspiracy to commit wire fraud on lenders to Alameda Research, conspiracy to commit securities fraud on investors in FTX, conspiracy to commit commodities fraud on customers of FTX, and conspiracy to commit money laundering.