US Prosecutors Oppose Sam Bankman-Fried Retrial Request

 

Sam Bankman-Fried, the former CEO of the defunct crypto exchange FTX, filed a motion in February seeking a retrial in his case. However, the request is reportedly being opposed by some U.S. prosecutors.

 

Some U.S. prosecutors have filed a motion in the United States District Court for the Southern District of New York, seeking to block Bankman-Fried’s latest request for a retrial, Bloomberg reports.

 

According to the prosecutors, Bankman-Fried’s argument that new witnesses could change the outcome of his case does not meet the standard for a retrial. They said the two witnesses he wants to call, Daniel Chapsky and Ryan Salame, both former FTX executives, do not qualify as new witnesses because they were already known to the defense and could have testified at the original trial.

 

“The defense’s decision not to put the witnesses on his witness list or compel their testimony forecloses any claim that their post-trial views are newly discovered,” prosecutors said.

 

The prosecutors also rejected Bankman Fried's claim that he was being weaponized by the Department of Justice, calling it "incoherent."

 

"The defendant was one of the largest Democratic donors in 2020 and 2022, and his campaign finance crimes were in furtherance of making those contributions, so the notion he was targeted for his Democratic politics by the prior presidential administration is fanciful," prosecutors added.

 

Although the motion has just been filed, the judge has not ruled on whether it will proceed. Nevertheless, this is Bankman-Fried’s third attempt to appeal his case.

 

 

Is a Presidential Pardon in Sight? 

After President Trump granted a presidential pardon to Changpeng Zhao, founder of Binance, rumors circulated that he might also pardon Sam Bankman-Fried.

 

Trump, however, has dismissed these rumors in several interviews, stating that he has no plans to pardon Bankman-Fried. Despite this, some online groups continue to speculate about a potential, well-funded effort to secure a pardon.

 

Until a pardon is issued, Bankman-Fried’s legal options remain limited to filing appeal motions. Otherwise, he must continue serving his 25-year prison sentence on multiple federal charges, including fraud, conspiracy, and money laundering.