The Latest Breaking News from Lewis Kaplan

Former billionaire crypto trader Sam Bankman-Fried has filed an appeal against his fraud conviction and 25-year jail sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded in one of the biggest financial frauds in the history of the United States, which impacted victims all…

Bankman-Fried faces steep odds in bid to overturn conviction stemming from the collapse of his cryptocurrency exchange.

He was convicted of charges including wire fraud, conspiracy to commit money laundering, and using customer funds for personal expenses such as real estate and political donations.

The disgraced mogul will likely be behind bars for decades.

"He knew it was wrong. He knew it was criminal," Judge Lewis Kaplan said of the convicted crypto fraudster

Bankman-Fried, 32, sentenced for fraud on customers of the FTX cryptocurrency exchange he founded.

Judge Kaplan sentences Bankman-Fried to 25 years in prison for financial crimes, highlighting lack of remorse and risk of reoffending.

The sentence marks a stunning fall for the 32-year-old former crypto executive who was once seen as the future of finance.

The defamation lawsuit is the latest in Trump's campaign of lawfare against media outlets, but all of those suits have failed so far.