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Appeals court upholds FTX co-founder Sam Bankman-Fried's fraud conviction
A federal appeals court upheld Sam Bankman-Fried's fraud conviction and 25-year prison sentence, confirming the 2023 trial's fairness and the strength of the government's evidence. The court found he defrauded customers and investors of billions by misusing FTX customer funds for personal expenses and falsifying records.
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