U.S. Appeals Court Confirms Fraud Conviction of Sam Bankman-Fried

美國上訴法院維持 Sam Bankman-Fried 欺詐定罪


Introduction

A federal appeals court has upheld the conviction and 25-year prison sentence of Sam Bankman-Fried after the collapse of the cryptocurrency exchange FTX.

在加密貨幣交易所 FTX 崩潰後,一家聯邦上訴法院維持了 Sam Bankman-Fried 的定罪及 25 年的監禁判決。

Main Body

The 2nd U.S. Circuit Court of Appeals rejected the defense's claim that the original trial was unfair. The defense argued that the judge had wrongly limited evidence regarding Bankman-Fried's belief that FTX was financially stable. However, the appeals court decided that the government's evidence was strong. The court emphasized that fraud occurs the moment money is misused, regardless of whether the person intended to pay it back later.

美國第二巡迴上訴法院拒絕了辯方關於原審不公正的主張。辯方主張法官錯誤地限制了關於 Bankman-Fried 認為 FTX 財務穩定的證據。然而,上訴法院認定政府提供的證據充分。法院強調,只要資金被誤用,在該時刻即構成欺詐,無論該人隨後是否打算償還。

This case follows the 2022 collapse of FTX, which led to losses of over $11 billion, including $8 billion in customer funds. These assets were moved to Alameda Research, a hedge fund managed by Bankman-Fried, to cover losses. During the 2023 trial, three former employees testified against him. The original judge described Bankman-Fried's testimony as dishonest and noted that he simply thought he would not be caught.

本案源於 2022 年 FTX 的崩潰,導致超過 110 億美元的損失,其中包括 80 億美元的客戶資金。這些資產被轉移到由 Bankman-Fried 管理的對沖基金 Alameda Research 以填補損失。在 2023 年的審判中,三名前員工出庭作證對其不利。原審法官將 Bankman-Fried 的證詞描述為不誠實,並指出他僅僅認為自己不會被發現。

Currently, Bankman-Fried has asked President Donald Trump for a pardon. Although the founder of Binance, Changpeng Zhao, received a pardon previously, President Trump told The New York Times in January that he does not plan to grant one. Consequently, the defendant's remaining legal options are to request a full circuit hearing or apply to the U.S. Supreme Court.

目前,Bankman-Fried 已請求總統川普特赦。儘管幣安 (Binance) 創辦人趙長鵬此前獲得過特赦,但川普在一月份告訴《紐約時報》,他不打算 granting 特赦。因此,被告剩餘的法律選項是請求全巡迴法院聽證或向美國最高法院提出申請。

Conclusion

Sam Bankman-Fried is currently serving his sentence at a low-security federal prison in California and is expected to be released in 2044.

Sam Bankman-Fried 目前在加州的一所低安全級別聯邦監獄服刑,預計將於 2044 年獲釋。

Vocabulary Learning

⚡ The 'Power Shift': Moving from Simple to Complex Connections

An A2 student says: "He moved the money. He wanted to cover losses."

A B2 speaker says: "These assets were moved to Alameda Research to cover losses."

The Secret: The 'Purpose' Link In this text, we see a jump in level through the use of Infinitive of Purpose. Instead of starting a new sentence, we attach the reason directly to the action using "to + verb".

Example from text: "...moved to Alameda Research... to cover losses."

Why this bridges the gap: B2 fluency isn't about big words; it's about how you glue ideas together. Using "to [verb]" removes the clunky "because he wanted to" and makes your speech flow like a native.


🧩 The "Result" Trigger: Consequently

Look at the phrase: "Consequently, the defendant's remaining legal options are..."

If you are at A2, you probably use "So" for everything.

  • A2: "He didn't get a pardon, so he must go to the Supreme Court."
  • B2: "He was denied a pardon; consequently, he must apply to the Supreme Court."

Pro Tip: Use Consequently at the start of a sentence when you want to sound professional, academic, or serious. It signals to the listener that a logical result is coming.


🔍 Nuance Check: Regardless of

This is a 'high-value' phrase found in the text: "...regardless of whether the person intended to pay it back."

The logic: It means "it doesn't matter if..."

  • A2: "It is a crime even if he wanted to pay it back."
  • B2: "It is a crime regardless of his intention to pay it back."

Challenge your brain: Stop using "even if" for a day and try replacing it with "regardless of." It instantly shifts your tone from basic conversation to a professional B2 level.

Vocabulary Learning

upheld (v.)
To confirm that a previous legal decision or judgment was correct.
Example:The higher court upheld the original verdict, meaning the defendant remains guilty.
conviction (n.)
A formal declaration by a court of law that someone is guilty of a criminal offense.
Example:His previous conviction for theft made it difficult for him to find a job.
collapse (n.)
The sudden failure of an organization, system, or economy.
Example:The collapse of the housing market led to a global financial crisis.
emphasized (v.)
To give special importance or attention to something when speaking or writing.
Example:The teacher emphasized that the deadline for the project is this Friday.
assets (n.)
Useful or valuable things, typically property or money, owned by a person or company.
Example:The company sold its remaining assets to pay off its debts.
testified (v.)
To give evidence as a witness in a law court.
Example:The witness testified that she saw the suspect leaving the building at midnight.
pardon (n.)
An official decision to forgive a person for a crime and release them from punishment.
Example:The governor granted a pardon to the prisoner after new evidence emerged.
consequently (adv.)
As a result of something that has happened.
Example:He failed to study for the exam; consequently, he did not pass the course.
Practice B2 words in a crossword