Sam Bankman-Fried Petitions Supreme Court to Overturn Conviction and $11 Billion Forfeiture

Sam Bankman-Fried has asked the US Supreme Court to grant him a new trial and to void the $11 billion forfeiture order tied to his 25-year prison sentence. His appeal centers on a claim that the trial judge wrongly barred evidence showing his investments could have ultimately covered FTX customer losses, and that the forfeiture amount violates the Eighth Amendment's ban on excessive fines. The 2nd US Circuit Court of Appeals had already rejected these arguments earlier this year before the case reached the high court.