SBF asks Supreme Court to overturn conviction, $11B forfeiture: Report
Bankman-Fried’s lawyers challenged the exclusion of evidence about customer losses and argued that his $11 billion forfeiture was excessive.
Bankman-Fried’s lawyers challenged the exclusion of evidence about customer losses and argued that his $11 billion forfeiture was excessive.
Former FTX CEO Sam Bankman-Fried reportedly asked the US Supreme Court to overturn his 2023 fraud conviction.
He sought a new trial and the reversal of an $11 billion forfeiture order, according to a Thursday court filing seen by CNN.
His lawyers argued that the trial judge excluded evidence that his investments were sound and would have covered FTX customers’ losses. They also argued that the $11 billion forfeiture violated the Eighth Amendment’s ban on excessive fines.