New York Appeals Court Upholds SBF's Fraud and Conspiracy Convictions

A federal appeals court in New York on Tuesday rejected Sam Bankman-Fried's appeal, upholding his fraud and conspiracy convictions tied to the collapse of his cryptocurrency exchange FTX. SBF was sentenced to 25 years in prison in 2024 for orchestrating what prosecutors called one of the largest financial frauds in U.S. history. A three-judge panel of the U.S. Second Circuit Court of Appeals ruled that Bankman-Fried was the "driving force" behind the scheme, which siphoned billions of dollars from customers and investors. (ABC News)