Sam Bankman-Fried’s Mom Posts on His Substack: Why?
News Context
At a glance
- On Tuesday, during Sam Bankman-Fried's appeal hearing, his mother, Barbara Fried, published a 65-page report on substack defending him.
- Bankman-Fried was convicted of defrauding FTX customers and sentenced to 25 years in prison, but is appealing the verdict.
- His lawyer,Alexandra Shapiro,argued the trial was "fundamentally unfair," claiming FTX's collapse was due to a liquidity crisis,not fraud.
On Tuesday, during Sam Bankman-Fried‘s appeal hearing, his mother, Barbara Fried,
published a 65-page report
on substack defending him.
Bankman-Fried was convicted of defrauding FTX customers and sentenced to
25 years in prison,
but is appealing the verdict.
His lawyer,Alexandra Shapiro,argued the trial was “fundamentally unfair,”
claiming FTX’s collapse was due to a liquidity crisis,not fraud. Tho,
judges on the Second Circuit Court of appeals were reportedly skeptical, with
one stating there was “very substantial evidence of guilt.”
A pardon remains a potential path forward for Bankman-Fried.