Tag: FTX

Former FTX CEO Sam Bankman-Fried, who is currently serving a 25-year sentence for fraud, has renewed public praise of U.S. President Donald Trump, adding to speculation that he hopes to secure a pardon.

In a recent post on X, written through a proxy using prison-approved communications, Bankman-Fried backed Trump’s decision to launch strikes against Iran. He framed the move as necessary to counter nuclear risk and claimed the operation had sharply reduced Iran’s military capacity. […]

Bankman-Fried’s praise of Trump’s Iran policy lands as that decision faces growing criticism, with some warning the conflict could strain public finances and disrupt global oil supply, as well as concerns about inflation and higher costs for households and businesses.

For now, Bankman-Fried remains behind bars, communicating through intermediaries while his former company repays creditors. His lawyers filed a motion for a new trial in February, which the government opposed. His public messaging, however, suggests he is trying to shape an outcome beyond the courtroom.

Source: SBF angles for presidential pardon with tweets praising Donald Trump

FTX co-founder Sam Bankman-Fried’s mother may have been a law professor at Stanford University. But the judge who sentenced her son to 25 years in prison said she can’t act on his behalf in his bid for a new trial.

On Monday, the judge made clear he won’t consider letters, or a phone message to his chambers, from the former crypto king’s mother, Barbara Fried. The notice said that she had contacted the court to request additional time for her son to file papers.

“The court of course understands that Ms. Fried is the defendant’s mother, was trained and practiced as a lawyer, and has taught at Stanford Law School,” US District Judge Lewis Kaplan wrote. “Nevertheless, with no disrespect, she lacks standing to file papers or seek relief in this case.”

Source: Bankman-Fried’s Mom Told to Not Call Court on Son’s Behalf

Prosecutors say FTX co-founder Sam Bankman-Fried’s request for a new trial should be rejected because he has failed to show how his conviction was unfair.

Bankman-Fried is serving a 25-year prison sentence after a jury found him guilty in 2023 of fraud and conspiracy in the collapse of the FTX cryptocurrency exchange.

In a self-penned court filing in February, Bankman-Fried said new witnesses could refute the prosecution’s case that he defrauded FTX’s customers. He claimed that two former FTX executives who didn’t testify at trial, Daniel Chapsky and Ryan Salame, could counter the prosecution’s narrative about the exchange’s financial condition.

Source: Sam Bankman-Fried Shouldn’t Get New Trial, Prosecutors Argue – Bloomberg