{"id":9185,"date":"2026-06-13T04:42:19","date_gmt":"2026-06-13T01:42:19","guid":{"rendered":"https:\/\/handoli.com\/index.php\/2026\/06\/13\/sam-bankman-fried-needs-favor-from-trump-after-failed-appeal\/"},"modified":"2026-06-13T04:42:19","modified_gmt":"2026-06-13T01:42:19","slug":"sam-bankman-fried-needs-favor-from-trump-after-failed-appeal","status":"publish","type":"post","link":"https:\/\/handoli.com\/index.php\/2026\/06\/13\/sam-bankman-fried-needs-favor-from-trump-after-failed-appeal\/","title":{"rendered":"Sam Bankman-Fried needs favor from Trump after failed appeal"},"content":{"rendered":"
<\/div>\n

The last real shot FTX founder Sam Bankman-Fried had at undoing his fraud conviction just collapsed. A three-judge panel of the powerful, Second US Circuit Court of Appeals in Manhattan upheld<\/a> his conviction and 25-year prison sentence on Friday.<\/p>\n

The panel flatly rejected his claim that he never got a fair trial.<\/p>\n

The evidence against him, the judges wrote<\/a> in a 42-page opinion, was \u201cconservatively stated\u201d and \u201crobust.\u201d<\/p>\n

Bankman-Fried\u2019s only remaining possibility to escape prison before the 2040s has narrowed to a presidential pardon.<\/p>\n

Judges Barrington Parker, Eunice Lee, and Maria Ara\u00fajo Kahn heard<\/a> oral arguments in November 2025. Bankman-Fried\u2019s appellate lawyer, Alexandra Shapiro, argued<\/a> that US District Judge Lewis Kaplan hamstrung Bankman-Fried\u2019s defense.<\/p>\n

The appeal failed to convince the panel.<\/strong><\/p>\n

Bankman-Fried\u2019s convictions and prison sentence sustained<\/h2>\n

In November 2023, a Manhattan jury convicted Bankman-Fried on two counts of fraud and five counts of conspiracy.<\/p>\n

Kaplan duly sentenced him to prison in March 2024, delivering a 25-year sentence and ordering an $11 billion forfeiture.<\/p>\n

\n
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Sam Bankman-Fried had a plan to get out of prison, and he\u2019s following it<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Read more: Sam Bankman-Fried begs Trump for pardon, gets bipartisan \u2018No\u2019<\/a><\/em><\/p>\n

The court found<\/a> that FTX customers lost more than $8 billion. Investors lost another $1.7 billion, and Alameda lenders lost $1.3 billion.<\/p>\n

Three of his four closest deputies pleaded guilty and cooperated with the US government during his prosecution. They testified<\/a> that Bankman-Fried directed them to drain customer deposits to plug holes at Alameda, his hedge fund.\u00a0<\/p>\n

Prosecutors called<\/a> it a \u201cfraud of epic proportions.\u201d<\/p>\n

Bankman-Fried has chased any possibility of a prison exit for over a year. As Protos has documented<\/a>, he\u2019s repeatedly asked Donald Trump for a pardon and launched a social media campaign to praise Trump\u2019s policies.\u00a0<\/p>\n

Unfortunately, the White House and Trump have acknowledged his requests and publicly declined. His legal appeals are now exhausted, as well, unless he wants to appeal to the Supreme Court.<\/p>\n

Bankman-Fried\u2019s projected prison release date is 2044.<\/p>\n

Got a tip? Send us an email securely via\u00a0<\/em>Protos Leaks<\/em><\/a>. For more informed news and investigations, follow us on\u00a0X<\/a>,\u00a0<\/em>Bluesky<\/em><\/a>, and\u00a0<\/em>Google News<\/em><\/a>, or subscribe to our\u00a0<\/em>YouTube<\/em><\/a>\u00a0channel.<\/em><\/p>\n

The post Sam Bankman-Fried needs favor from Trump after failed appeal<\/a> appeared first on Protos<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The last real shot FTX founder Sam Bankman-Fried had at undoing his fraud conviction just collapsed. A three-judge panel of the powerful, Second US Circuit Court of Appeals in Manhattan upheld his conviction and 25-year prison sentence on Friday. The panel flatly rejected his claim that he never got a fair trial. The evidence against […]<\/p>\n","protected":false},"author":1,"featured_media":9186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[147],"tags":[],"class_list":["post-9185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest"],"_links":{"self":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/comments?post=9185"}],"version-history":[{"count":0,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media\/9186"}],"wp:attachment":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media?parent=9185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/categories?post=9185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/tags?post=9185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}