U.S. Appeals Court Upholds Sam BankmanFried's Fraud and Conspiracy Conviction

A U.S. Court of Appeals upheld the criminal conviction of FTX founder Sam BankmanFried on fraud and conspiracy charges, rejecting arguments that future repayment or potential investment gains would negate intent to defraud. The court also found claims of an unfair trial unpersuasive and backed trial rulings by Judge Lewis Kaplan.