Prosecutor requests to deny SBF's application for a retrial

SmartContractAuditor · 2026-03-12T07:16:23+00:00

U.S. prosecutors call for the rejection of former FTX CEO Sam Bankman-Fried's request for a retrial, arguing that he failed to present legitimate new evidence. Bankman-Fried was sentenced to 25 years for fraud and conspiracy. The defense claimed that the absence of executive witnesses who failed to appear could affect the outcome, but the prosecution pointed out that these witnesses were already aware and had not been included in the witness list. At the same time, the prosecution dismissed his claims of political persecution, emphasizing that he was a major donor to the Democratic Party.

SmartContractAuditor

2026-03-12 07:16:23

Abstract generation in progress

Odaily Planet Daily reports that U.S. prosecutors have urged the judge to deny former FTX CEO Sam Bankman-Fried’s request for a new trial, stating he has failed to present any legitimate new evidence.

Sam Bankman-Fried was convicted of fraud and conspiracy by a jury in 2023 and is currently serving a 25-year prison sentence. His mother filed a motion in February this year, claiming that two former FTX executives, Daniel Chapsky and Ryan Salame, did not testify out of fear of retaliation, and their testimony could have countered the prosecution’s narrative if they had appeared. Prosecutors responded in a Wednesday filing that these two witnesses were “fully known to the defense before trial,” and the defense did not include them on the witness list or compel their testimony, so this does not constitute newly discovered evidence. Prosecutors also stated that even considering this testimony, the verdict would not change given the substantial evidence showing Sam Bankman-Fried directed the transfer of billions of dollars of customer funds to Alameda.

Regarding Sam Bankman-Fried’s claim that FTX was not insolvent, prosecutors pointed out that FTX held only about 105 BTC out of nearly 100,000 BTC claimed by customers and emphasized that recovering assets through bankruptcy proceedings does not justify criminal conduct. They also refuted his claim of political persecution by the Biden administration, noting that Sam Bankman-Fried was one of the largest Democratic donors in 2020 and 2022, and his campaign finance violations were part of efforts to facilitate these donations. Previously, Sam Bankman-Fried sought a pardon from U.S. President Donald Trump, but Trump stated in January that he had no plans to pardon him.

BTC0,55%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.