Sam Bankman-Fried’s Fraud Conviction Upheld, Leaving 25-Year Sentence and $11 Billion Forfeiture Intact

A U.S. appeals court unanimously upheld Sam Bankman-Fried’s fraud conviction and 25-year prison sentence. According to NS3.AI, the court rejected arguments that the trial was unfair or that evidentiary decisions prevented him from presenting an adequate defense. The ruling leaves in place both the 25-year sentence and an $11 billion forfeiture order. The court said the claims raised on appeal did not warrant overturning the conviction or modifying the sentence.