New Sam Bankman-Fried trial would be huge waste of court’s time, judge says

In an order denying Sam Bankman-Fried's request for a new trial, a judge accused the disgraced FTX founder of wasting precious court resources on wild conspiracies. To the judge, the motion seemed like a last-ditch attempt to give himself a MAGA makeover that the Trump administration absolutely wasn't buying. Bankman-Fried was sentenced to 25 years in prison in 2024 for "masterminding one of the largest financial frauds in American history," US District Judge Lewis Kaplan wrote in his order. He was convicted on all charges, including wire fraud, conspiracy to commit securities fraud, commodities fraud, and money laundering. There is already an appeal pending in another court, the judge noted. But Bankman-Fried filed a separate motion for a new trial, claiming that there were "newly discovered" witnesses and evidence that might have helped his defense, if Joe Biden's Department of Justice hadn't intimidated them into refusing to testify or, in one case, lying on the stand. He also asked for a new judge, wanting Kaplan to recuse himself.Read full article Comments