SBF petitions Supreme Court to void $11B forfeiture order

Jeffrey Fisher, Supreme Court counsel for former FTX CEO Sam Bankman-Fried, filed a petition with the U.S. Supreme Court on Sept. 10 arguing that an $11 billion forfeiture order violates the Eighth Amendment’s ban on excessive fines. In a radio interview, Fisher argued the $11 billion ruling was a monetary judgment rather than a recovery of actual assets, and would effectively block Bankman-Fried’s future income even after release, leaving Bankman-Fried in lifelong poverty. Fisher also said jurors were shown only customer loss figures during the trial, while information on the bankruptcy estate’s repayment plan, which he said repaid 105% of customer claims thanks to the success of its Anthropic investment, was restricted and kept from the jury.