Sam Bankman-Fried appeals fraud conviction, 25-year jail term

Bankman-Fried stands before Kaplan as he is sentenced to 25 years in prison, at Federal Court in New York City, US, March 28, 2024 in this courtroom sketch. News of the appeal comes two weeks after Kaplan set the prison term and ordered Bankman-Fried, known as ‘SBF’, to pay US$11bil (RM52.44bil) in forfeiture. — Reuters

NEW YORK: Fallen cryptocurrency wunderkind Sam Bankman-Fried has appealed his federal conviction and 25-year jail sentence in a sweeping fraud case, according to a legal filing made public April 11.

News of the appeal comes two weeks after US District Court Judge Lewis Kaplan set the prison term and ordered Bankman-Fried, known as “SBF”, to pay US$11bil (RM52.44bil) in forfeiture.