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Disgraced crypto mogul Sam Beman freed on Thursday appealed his

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conviction and 25 year prison sentence. The 32 year

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old was convicted in November on seven counts of fraud

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and conspiracy and stealing$8 billion from customers of the

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now bankrupt ftx Cryptocurrency exchange. He founded federal prosecutors

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have called it one of the biggest financial frauds in

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US history. Beman Fried's legal defense had announced plans

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to appeal the decision to a Manhattan based court in

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late March. His sentence was shorter than the 40

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to 50 year term that prosecutors had recommended but longer

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than the five and a quarter years or fewer.

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His counsel suggested Beman Fried's appeal could take years and

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he faces steep odds in winning the bid. His

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lawyers will need to persuade the Manhattan Appeals Court and

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potentially the US Supreme Court that the judge in his

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case made significant errors that deprived Beman freed of his

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legal rights and made the trial unfair.