Sam Bankman-Fried lost his appeal for a new trial after a federal appeals court upheld his conviction on seven fraud and conspiracy charges related to the collapse of FTX. The court said overwhelming evidence showed Bankman-Fried knowingly misused customer funds.

After donating to the Democrats before his conviction, the onetime crypto billionaire has recently made overtures to the GOP.

An appeals court rejected former billionaire and FTX founder Sam Bankman-Fried’s claim that his trial was unfair.