A federal appeals court has upheld the fraud conviction of FTX founder Sam Bankman-Fried, affirming his sentence of 25 years in prison. Bankman-Fried was found guilty on all seven charges related to the massive financial fraud involving his cryptocurrency exchange, FTX. While he still has options to appeal to higher courts, he is also pursuing a re-trial and has applied for a presidential pardon. AI
RANK_REASON Legal appeal denial for a convicted individual, not a new AI development.
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