FTX Founder Sam Bankman-Fried Appeals 25-Year Prison Sentence and Fraud Conviction

A lawyer for FTX founder Sam Bankman-Fried on Thursday filed a notice of appeal of his federal fraud and conspiracy conviction and his 25-year prison sentence.
Bankman-Fried’s appeal came two weeks after he was sentenced in U.S. District Court in Manhattan and ordered to pay $11 billion in forfeiture for the massive fraud at the cryptocurrency exchange FTX and a related hedge fund, Alameda Research. Prosecutors said it was one of the largest financial frauds in history.
The appeal, which was expected, will be heard by a three-judge panel of the 2nd Circuit U.S. Court of Appeals, which sits in Manhattan.
Read the source article at CNBC