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Sam Bankman-Fried returns to court to challenge fraud verdict

Nov 3, 2025
Jonathan Jones, an investigative reporter for Reveal, dives deep into the fascinating case of Sam Bankman-Fried, founder of FTX, who is currently serving a 25-year sentence for fraud. Jones discusses Bankman-Fried's ongoing claims of innocence and the evidence he argues was withheld during the trial. He also sheds light on Bankman-Fried's biggest regret, the involvement of Sullivan & Cromwell in FTX’s collapse, and the contentious debates over how customers should be repaid. Comparisons to the Enron scandal offer more insights into this intriguing financial saga.
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INSIGHT

Defense Claims Missing Evidence Would Prove Intent

  • Sam Bankman-Fried argues his actions were lawyer-directed and the company was solvent despite missing cash flow.
  • He claims excluded evidence about legal advice and solvency would show lack of intent to defraud.
ANECDOTE

Long Interviews Reveal SBF's Persistent Innocence Claim

  • Jonathan Jones spent many hours interviewing Sam Bankman-Fried and others involved with FTX.
  • SBF repeatedly insisted he didn't commit a crime and believed more time would have resolved the issues.
INSIGHT

Blame On Law Firm For Fast Bankruptcy Move

  • SBF says his biggest mistake was handing FTX to Sullivan & Cromwell during collapse and bankruptcy.
  • He alleges the firm pushed for bankruptcy and limited access to evidence that could have aided recovery and his defense.
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