In a surprising turn of events, Sam Bankman-Fried, the former CEO of FTX, has requested a new trial in Manhattan after dismissing his legal representation. According to the official information, the disgraced crypto mogul is now navigating the legal waters on his own, with his mother filing the motion for him.
Bankman-Fried's Motion for a New Trial
Bankman-Fried's motion for a new trial is grounded in Rule 33 of the Federal Rules of Criminal Procedure, which allows for a retrial if new evidence emerges. His mother, Barbara Fried, a professor of ethics at Stanford Law, has taken the initiative to support her son in this legal endeavor.
Background on the Conviction
The former crypto billionaire was convicted over two years ago on multiple counts of fraud and conspiracy, leading to a substantial 25-year prison sentence. His case has drawn significant attention, not only due to the high-profile nature of the FTX collapse but also because of the implications it holds for the broader cryptocurrency industry.
In light of recent developments, the connections between SEC Chair Gary Gensler and Joichi Ito have raised questions regarding their influence on the Ripple lawsuit. For more details, see this article.
