Source: Bitcoin.com
“U.S. District Judge Lewis A. Kaplan, who presided over Bankman-Fried’s 2023 fraud trial and sentenced him to 25 years in prison, issued the ruling in New York, according to court records reported by Bloomberg and Inner City Press. The judge described Bankman-Fried’s arguments as ‘baseless on multiple independently sufficient levels.’ … Bankman-Fried was convicted in November 2023 on seven counts of fraud and conspiracy tied to the collapse of FTX and his trading firm Alameda Research. Billions in customer funds went missing. He was sentenced in March 2024. His direct appeal is pending before the Second Circuit Court of Appeals, with oral arguments held in 2025. That case remains active and is separate from the Rule 33 motion Judge Kaplan just denied.” (04/28/26)