Home>Business>Sam Bankman-Fried won’t file any post-trial motions, say legal professionals

Sam Bankman-Fried won’t file any post-trial motions, say legal professionals

Following his conviction on federal fraud expenses on Nov. 2, former FTX CEO Sam “SBF” Bankman-Fried won’t pursue any post-trial motions.

In a Dec. 1 letter to Choose Lewis Kaplan in United States District Court docket for the Southern District of New York, legal professionals representing Bankman-Fried said that they had “determined to not file any post-trial motions” however reserved their rights to pursue claims on enchantment. The submitting was the newest following SBF’s conviction on Nov. 2 as he awaits sentencing on March 28.

Supply: Courtlistener

It’s unclear whether or not prosecutors plan to maneuver ahead with Bankman-Fried’s second trial in March. The previous FTX CEO’s indictment was cut up to ensure that him to face 7 counts in October and 5 expenses in March, however following a responsible verdict in November, SBF might already be a long time behind bars.

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After the jury verdict was handed down, Bankman-Fried returned to the Brooklyn Metropolitan Detention Heart, the place he’s anticipated to stay till sentencing. On Nov. 30, crypto blogger Tiffany Fong interviewed a former mob enforcer, Gene Borrello, who reported on a few of SBF’s experiences in jail. Borrello claimed one other inmate tried to extort the previous FTX CEO.

Bankman-Fried was one of many first high-profile crypto executives to face legal expenses in the USA. Authorities arrested former Celsius CEO Alex Mashinsky in July, and on the time of publication, he remains free on bail till his September 2024 legal trial. Changpeng Zhao, who stepped down as CEO and pleaded guilty to one felony charge as a part of a settlement between U.S. officers and Binance, might be sentenced in February.

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