US Court Closes SBF Appeal Path, 25-Year Sentence Finalized
Digital FinanceRegulation
The US Court of Appeals for the Second Circuit issued a mandate, making the judgment denying the appeal of former FTX CEO Sam Bankman-Fried final and closing off further appeal options in this court. The order affirms the 25-year prison sentence for seven criminal counts, and the forfeiture order of 11 billion dollars remains in effect. Judge Barrington D. Parker stated that FTX customers were defrauded the moment Bankman-Fried transferred their funds to Alameda. The remaining legal avenues for him to secure early release have narrowed significantly, after the US Senate recently voted unanimously against clemency and President Donald Trump has indicated he has no plans to pardon him.
