Sam Bankman-Fried takes conviction to Supreme Court

Sam Bankman-Fried has asked the U.S. Supreme Court to overturn his seven-count fraud conviction and approximately $11 billion forfeiture order after losing his appeal in June 2026. Summary Sam Bankman-Fried has asked the Supreme Court to review his seven-count fraud conviction and sentence. The Second Circuit unanimously upheld his conviction, 25-year prison term and $11 billion forfeiture order. His petition challenges trial rulings admitting loss evidence while limiting defense testimony about potential repayment. Bankman-Fried argues the $11 billion forfeiture violates constitutional protections against excessive financial penalties and fines. The Supreme Court must grant certiorari before conducting any review of the underlying case merits. CNN, which reviewed the petition filed on Sept. 10, reported that the former FTX chief wants a new trial over limits placed on evidence concerning FTX’s assets and the potential repayment of customers. He is serving a 25-year federal prison sentence imposed in March 2024. The petition asks the justices to examine whether prosecutors could present evidence suggesting customers suffered large losses while the trial court restricted defense evi...