Judge denies Sam Bankman-Fried new trial after financial fraud conviction
Source: ABC News
April 28, 2026, 5:27 PM
A federal judge in New York on Tuesday denied Sam Bankman-Fried a new trial, rejecting his claim that there are newly discovered witnesses who would give exculpatory testimony.
Bankman-Fried was convicted of masterminding one of the largest financial frauds in history stemming from the collapse of the crypto-exchange FTX. He is serving a 25-year prison sentence.
Bankman-Fried, 34, had argued to the district court judge that there are new witnesses whose testimony would warrant a new trial for him. The judge called the claim baseless.
"None of the witnesses, for example, is 'newly discovered.' Bankman-Fried well before trial knew all three of them and purportedly knew also what he hoped they would say were they to testify. He could have obtained or at least sought to compel their testimony. But he did neither," Judge Lewis Kaplan said.
Read more: https://abcnews.com/US/judge-denies-new-trial-sam-bankman-fried-after/story?id=132471994
REFERENCE - https://www.democraticunderground.com/10143413279
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