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Rejoicehub LLP, a prominent offshore IT outsourcing firm, was established in 2019 and has been making remarkable strides in the IT sector.Our dedicated team of over 100 professionals is our greatest asset. Our unwavering commitment to excellence has made us a highly sought-after company globally. We prioritize understanding our clients perspectives to enhance their product development process. Our adept professionals are capable of providing top-notch solutions. We promise our clients to bring their unique ideas to the market in a more user-friendly manner. Punctuality is a cornerstone of our work philosophy, and we prioritize delivering exceptional quality.

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Sam Bankman-Fried appeals conviction, criticizes judge’s ‘unbalanced’ decisions

Date September 15, 2024

Writen by Anthony Ha

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Lawyers representing Sam Bankman-Fried, the FTX CEO and co-founder who was convicted of fraud and money laundering late last year, are seeking a new trial.

Following crypto exchange FTX’s collapse, Bankman-Fried was found guilty on all seven counts, then sentenced to 25 years in prison and ordered to pay $11 billion in forfeiture. He has been serving his sentence in Brooklyn.

Bloomberg reports that Bankman-Fried’s appeal focuses on the behavior of US District Judge Lewis Kaplan, alleging that Kaplan’s rulings were “not just erroneous but unbalanced” and that the judge “continually ridiculed Bankman-Fried during trial, repeatedly criticized his demeanor, and signaled his disbelief of Bankman-Fried’s testimony.”

The appeal also claims that Kaplan “repeatedly mocked defense counsel” while helping the government make its case, and that he “improperly prodded” jurors to reach a quick verdict.

Bankman-Fried’s lawyers are seeking a new trial under a new judge. The U.S. attorney’s office that prosecuted the case said it does not plan to comment on the filing.

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