A U.S. federal appeals court has rejected Sam Bankman-Fried’s bid to overturn his criminal conviction, keeping intact the fraud and conspiracy verdicts tied to the collapse of FTX.
The ruling leaves the former FTX chief’s prison sentence unchanged, according to reports that said his 25-year term remains in force.
Multiple outlets reported that the appeals panel was not persuaded that his trial had been unfair, and upheld the lower court outcome.
Reports also said Bankman-Fried has applied for clemency from President Donald Trump, which is now described as his remaining route to seek release from prison.