FTX founder Sam Bankman-Fried is seeking a review of his case by an appellate court, following his recent sentencing to over two decades in prison by a US district judge. In a court document filed on April 11th, Bankman-Fried’s lawyer informed the US District Court for the Southern District of New York that the former CEO is appealing his conviction and sentence to the US Court of Appeals for the Second Circuit. Bankman-Fried was accused of orchestrating a scheme that diverted more than $8 billion of FTX customer funds to his trading firm, Alameda Research, which prosecutors described as one of the largest financial frauds in history. In November, a jury found Bankman-Fried guilty of various charges related to wire fraud, conspiracy, securities fraud, commodities fraud, and money laundering. On March 28th, Judge Lewis A. Kaplan sentenced him to 25 years in prison, along with a hefty forfeiture of $11 billion. Bankman-Fried had already expressed his intention to appeal the verdict and sentence.
