The lawyers filed papers with the 2nd U.S. Circuit Court of Appeals asking a three-judge panel to reverse his conviction and assign the case to a new judge for a retrial, saying the trial judge “imposed a draconian quarter-century sentence on this first-time, non-violent offender” after they contend he hurried the jury into reaching a one-day verdict to cap off a complex four-week trial.

“Sam Bankman-Fried was never presumed innocent. He was presumed guilty — before he was even charged. He was presumed guilty by the media. He was presumed guilty by the FTX debtor estate and its lawyers. He was presumed guilty by federal prosecutors eager for quick headlines. And he was presumed guilty by the judge who presided over his trial,” the lawyers wrote.

They said the passing of time has cast Bankman-Fried in a better light.

“From day one, the prevailing narrative — initially spun by the lawyers who took over FTX, quickly adopted by their contacts at the U.S. Attorney’s Office — was that Bankman-Fried had stolen billions of dollars of customer funds, driven FTX to insolvency, and caused billions in losses,” the attorney said.

“Now, nearly two years later, a very different picture is emerging — one confirming FTX was never insolvent, and in fact had assets worth billions to repay its customers. But the jury at Bankman-Fried’s trial never got to see that picture,” they added.

Bankman-Fried, 32, was convicted last November of fraud and conspiracy a year after his companies collapsed into bankruptcy as investors rushed to withdraw funds. A jury concluded that some of their money had been improperly spent on real estate, investments, celebrity endorsements, political contributions and lavish lifestyles.

At its height, FTX was treated as a pioneer and darling in the emerging cryptocurrency industry, with a Super Bowl advertisement, testimony by Bankman-Fried before Congress and endorsements from celebrities such as quarterback Tom Brady and comedian Larry David.

Bankman-Fried was arrested in December 2022 following his extradition from the Bahamas, just weeks after his company filed for bankruptcy and days after some of his former top executives began cooperating with federal prosecutors. Some of them testified against him at trial.

He initially remained under strict bail conditions at his parents’ home in Palo Alto, California, but Judge Lewis A. Kaplan in Manhattan revoked his bail shortly before the trial after concluding that Bankman-Fried was trying to influence likely witnesses, including an ex-girlfriend who had served as chief executive at Alameda Research, a crypto hedge fund.

The fallen mogul is serving a 25-year sentence after he was sentenced in March in what a prosecutor once described as one of the biggest financial frauds in U.S. history.

A prosecutor’s spokesperson declined to comment Friday.

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WASHINGTON (AP) — A Texas man was convicted on Tuesday of storming the U.S. Capitol with a holstered handgun, a milestone victory for federal prosecutors in the first trial among hundreds of cases arising from last year’s riot.

A jury also convicted Guy Wesley Reffitt of obstructing Congress’ joint session to certify the Electoral College vote on Jan. 6, 2021, of interfering with police officers who were guarding the Capitol and of threatening his two teenage children if they reported him to law enforcement after the attack. Jurors deliberated about three hours and convicted him on all counts.

The verdict could be a bellwether for many other Capitol riot cases. It could give Justice Department prosecutors more leverage in plea negotiations and discourage other defendants from gambling on trials of their own.

Gregg Sofer, a former federal prosecutor who served as U.S. attorney for the Western District of Texas from October 2020 to February 2021, said before Reffitt’s trial started that it would be “the canary in the coal mine.”

“If you’re a defendant awaiting trial at this point, the canary just died,” said Sofer, now a partner at the law firm Husch Blackwell. “I do think it is likely to affect people’s perceptions about the likelihood of their success.”

Reffitt, 49, of Wylie, Texas, didn’t testify at his trial, which started last Wednesday. He showed little visible reaction to the verdict, but his face was covered by a mask.

Outside court, his wife Nicole said the verdict was “against all American people. If you’re going to be convicted on your First Amendment rights, all Americans should be wary. This fight has just begun.”

She said her husband was being used as an example by the government. “You are all in danger,” she said.

In a statement after the verdict, U.S. Attorney Matthew Graves in Washington thanked the jury “for upholding the rule of law and for its diligent service in this case.”

During the trial’s closing arguments on Monday, Assistant U.S. Attorney Risa Berkower told jurors that Reffitt drove to Washington, D.C., intending to stop Congress from certifying President Joe Biden’s electoral victory. Reffitt proudly “lit the fire” that allowed others in a mob to overwhelm Capitol police officers near the Senate doors, the prosecutor said.

Reffitt was not accused of entering the Capitol building. Defense attorney William Welch said there is no evidence that Reffitt damaged property, used force or physically harmed anybody.

He will be sentenced June 8. He could receive 20 years in prison on the top charge alone, but he’s likely to face far less time behind bars. Other rioters have pleaded guilty; the longest sentence so far is five years and three months for Robert Palmer, a Florida man who pleaded guilty to attacking police officers at the Capitol.

The riot resulted in the deaths of five people, including a police officer. More than 100 officers were injured. Rioters caused over $1 million in damage to the Capitol.

U.S. District Judge Dabney Friedrich presided over Reffitt’s trial. Trump nominated her in 2017.

Welch has said Reffitt worked as a rig manager and as a consultant in the petroleum industry before COVID-19 restrictions effectively shut down his business.

Jurors saw videos that captured the confrontation between a few Capitol police officers and a mob of people, including Reffitt, who approached them on the west side of the Capitol.

Reffitt was armed with a Smith & Wesson pistol in a holster on his waist, carrying zip-tie handcuffs and wearing body armor and a helmet equipped with a video camera when he advanced on police, according to prosecutors. He retreated after an officer pepper sprayed him in the face, but he waved on other rioters who ultimately breached the building, prosecutors said.

Before the crowd advanced, Reffitt used a megaphone to shout at police to step aside and to urge the mob to push forward and overtake officers. Assistant U.S. Attorney Jeffrey Nestler said Reffitt played a leadership role that day.

During last Friday’s testimony, prosecutors zoomed in on a video image of Reffitt at the Capitol. FBI Special Agent Laird Hightower said the image shows “a silvery metallic linear object” in a holster protruding from under Reffitt’s jacket as he leaned forward.

Shauni Kerkhoff, who was one of the Capitol police officers who tried to repel Reffitt, said she launched pepperballs that didn’t stop him from advancing. She testified that Reffitt appeared to be leading the crowd up stairs toward police.

Reffitt’s 19-year-old son, Jackson, testified last Thursday that his father threatened him and his sister, then 16, after he drove home from Washington. Reffitt told his children they would be traitors if they reported him to authorities and said “traitors get shot,” Jackson Reffitt recalled.

He said the threat terrified him. His younger sister, Peyton, was listed as a possible government witness but didn’t testify. She said that she would talk more later on her own time, but: “Kids should never be used against the parents.”

Jackson Reffitt used a cellphone app to secretly record his father boasting about his role in the riot. Jurors heard excerpts of that family conversation.

Jackson Reffitt initially contacted the FBI on Christmas Eve, less than two weeks before the riot, to report concerns about his father’s behavior and increasingly worrisome rhetoric. But the FBI didn’t respond until Jan. 6, after the riot erupted.

Another key witness, Rocky Hardie, said he and Reffitt were members of “Texas Three Percenters” militia group. The Three Percenters militia movement refers to the myth that only 3% of Americans fought in the Revolutionary War against the British.

Hardie drove from Texas to Washington with Reffitt. He testified that both of them were armed with holstered handguns when they attended then-President Donald Trump’s “Stop the Steal” rally before the riot erupted. Reffitt also took an AR-15 rifle to Washington but left it locked up in his car, Hardie said.

Hardie said Reffitt talked about dragging lawmakers out of the Capitol and replacing them with people who would “follow the Constitution.” Hardie also said Reffitt gave him two pairs of zip-tie cuffs in case they needed to detain anybody.

Reffitt was arrested less than a week after the riot. The FBI found a handgun in a holster on a nightstand in the defendant’s bedroom when they searched his home near Dallas.

More than 750 people have been charged with federal crimes related to the riot. Over 220 of them have pleaded guilty, mostly to misdemeanors. and over 110 of them have been sentenced. Approximately 90 others have trial dates.

Sofer, the former top federal prosecutor in the Western District of Texas, said Reffitt’s trial shows the government has “accurate, good, reliable video that jurors are willing to pay attention to.”

“You have to look at it and say this is extremely worrisome if you’re a defendant,” he said. “The flip side is the government can feel good that it’s in the driver’s seat pretty strongly here.”

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