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.
The judges in a federal appeals court in New York on Tuesday were skeptical of arguments by a lawyer for Sam Bankman-Fried that his conviction for a multi-billion-dollar fraud related to his cryptocurrency exchange FTX and an associated hedge fund should be tossed out.
Bankman-Fried's attorney, Alexandra Shapiro, was almost immediately and then repeatedly interrupted by the three-judge panel on the 2nd Circuit U.S. Court of Appeals as she tried to make her case that SBF deserved a new trial because the first one was "fundamentally unfair."
"From my reading of the record, [there was] very substantial evidence of guilt," Judge Barringon Parker told Shapiro.
"Are you seriously suggesting to us that if your client had been able to testify about the role that attorneys played in preparing these various documents, the not-guilty verdicts would have rolled in?" Parker asked, as Bankman-Fried's parents looked on from the courtroom gallery.
Bankman-Fried, 33, was convicted in November 2023 of seven criminal counts for fraud against customers of FTX and lenders to the hedge fund Alameda Research. He is serving a 25-year prison sentence.