Legal professionals for Sam Bankman-Fried should not submitting any post-trial motions after the disgraced FTX founder was convicted on seven prison counts associated to the misuse of the crypto trade’s buyer funds.
In a letter to Decide Lewis Kaplan of the U.S. District Court docket for the Southern District of New York, attorneys Mark S. Cohen and Christian R. Everdell of Cohen & Gresser LLP say that they’ve determined to not file a post-trial movement following the responsible verdict from the jury.
A post-trial movement is commonly a request made by the dropping social gathering following the conclusion of the trial to ask the court docket to rethink its choice or take different actions below the assertion that there have been errors within the verdict or misconduct in the course of the trial.
Say the attorneys,
“On behalf of our consumer, Samuel Bankman-Fried, we respectfully submit this letter to replace the Court docket on the standing of post-trial motions. After additional consideration, we’ve determined to not file any post-trial motions.”
Nonetheless, Bankman-Fried’s attorneys should not ruling out the opportunity of interesting.
“We reserve our rights to pursue any claims on enchantment.”
Bankman-Fried is now at Brooklyn’s Metropolitan Detention Heart, the place he awaits his sentencing set on March twenty eighth, 2024.
In the meantime, a chapter court docket lately green-lighted the sale of FTX’s Grayscale and Bitwise shares to repay collectors of the previous crypto empire.
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