Sam Bankman-Fried files for new trial over FTX fraud charges
Summary
The incarcerated former leader of a failed crypto exchange seeks a new opportunity to contest fraud charges, aiming to overturn previous rulings. This development highlights ongoing legal battles in the cryptocurrency sector, drawing significant attention from industry observers.
Key Insights
What does filing a motion for a new trial 'pro se' mean?
Filing pro se means Sam Bankman-Fried is representing himself without a lawyer in this motion for a new trial, as noted in his filing docketed in Manhattan federal court.
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How is a motion for a new trial under Rule 33 different from a formal appeal?
A motion for a new trial under Rule 33 of the Federal Rules of Criminal Procedure allows a defendant to request a retrial based on newly discovered evidence, such as new witness testimony, and is separate from a formal appeal of the conviction.