FTX's former top lawyer cooperated with the US in Sam Bankman-Fried case

Daniel Friedberg, arguable lawyer who served arsenic apical compliance main astatine now-defunkt speech FTX, has reportedly cooperated with United States’ prosecutors investigating FTX collapse.

Friedberg provided details astir FTX successful a gathering with 2 twelve investigators clasp by the U.S. Attorney for the Southern District of New York's (SDNY) bureau connected Nov. 22, Reuters reported.

The gathering included officials from the Justice Department, Federal Bureau of Investigation, and the U.S. Securities and Exchange Commission, the study notes, citing a root acquainted with the matter.

At the meeting, Friedberg provided prosecutors with his cognition of FTX laminitis Sam Bankman-Fried's usage of lawsuit funds to concern his amerciable concern scheme. He besides gave details of however Bankman-Fried’s hedge money Alameda Research functioned.

The lawyer reportedly expects to beryllium invited arsenic a authorities witnesser successful Bankman-Fried's October trial. So far, Friedberg has not been charged and has not been told that helium is nether transgression investigation.

While consenting to assistance U.S. authorities get much details successful Bankman-Fried’s case, Friedberg himself has taken measures to fell immoderate idiosyncratic accusation from the public.

Shortly aft FTX collapsed, Friedberg deleted his LinkedIn illustration amid reports indicating his engagement with the online poker scam UltimateBet. He reportedly served arsenic wide counsel astatine UltimateBet and played a relation successful covering up that firm’s cheating ungraded backmost successful 2008.

While immoderate reports suggest that Friedberg joined FTX successful March 2020, Bankman-Fried reportedly claimed that helium was FTX’s “legal advisor from the precise beginning” successful 2019. Friedberg besides reportedly archetypal represented Bankman-Fried arsenic extracurricular counsel connected moving Alameda successful 2017.

Daniel Friedberg’s deleted LinkedIn profile. Source: Poker News

According to Reuters’ sources, Friedberg resigned from his presumption astatine FTX connected Nov. 8, a time aft Bankman-Fried disclosed to apical executives that FTX astir ran retired of money.

Related: US authorities are seizing $460M successful Robinhood shares tied to FTX: Report

As antecedently reported, Bankman-Fried connected Jan. 3 pled not blameworthy to each transgression charges related to the FTX collapse, including ligament fraud, securities fraud and violations of run concern laws. Previously, FTX co-founder Gary Wang and erstwhile Alameda Research CEO Caroline Ellison pleaded blameworthy to national fraud charges successful December. Both are present cooperating with SDNY and the U.S. Securities and Exchange Commission’s probe into Bankman-Fried.