Sam Bankman-Fried Loses Appeal as Federal Court Upholds ‘Robust’ Fraud Conviction

In brief

• A federal appeals court unanimously upheld Sam Bankman-Fried’s fraud conviction and 25-year prison sentence.
• Judges rejected his argument that FTX could have repaid customers, finding his misrepresentations alone constituted fraud.
• With his appeal denied, a presidential pardon appears…