Legal professionals for Sam Bankman-Fried usually are not submitting any post-trial motions after the disgraced FTX founder was convicted on seven legal counts associated to the misuse of the crypto change’s buyer funds.
In a letter to Decide Lewis Kaplan of the U.S. District Courtroom for the Southern District of New York, legal professionals Mark S. Cohen and Christian R. Everdell of Cohen & Gresser LLP say that they’ve determined to not file a post-trial movement following the responsible verdict from the jury.
A post-trial movement is commonly a request made by the dropping celebration following the conclusion of the trial to ask the court docket to rethink its choice or take different actions underneath the assertion that there have been errors within the verdict or misconduct through the trial.
Say the legal professionals,
“On behalf of our shopper, Samuel Bankman-Fried, we respectfully submit this letter to replace the Courtroom on the standing of post-trial motions. After additional consideration, we’ve got determined to not file any post-trial motions.”
Nonetheless, Bankman-Fried’s legal professionals usually are not ruling out the potential of interesting.
“We reserve our rights to pursue any claims on enchantment.”
Bankman-Fried is now at Brooklyn’s Metropolitan Detention Middle, the place he awaits his sentencing set on March twenty eighth, 2024.
In the meantime, a chapter court docket lately green-lighted the sale of FTX’s Grayscale and Bitwise shares to repay collectors of the previous crypto empire.
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