1 year ago
Joseph Bankman reportedly advised his lad connected matters related to lobbying lawmakers successful Washington D.C. and whitethorn present beryllium cooperating with prosecutors.
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Joseph Bankman, the begetter of erstwhile FTX main enforcement serviceman Sam Bankman-Fried, has reportedly hired an lawyer arsenic the transgression lawsuit against his lad moves forward.
According to a Jan. 12 study from Reuters, Bankman retained Sean Hecker of New York-based instrumentality steadfast Kaplan Hecker & Fink LLP. Bankman-Fried’s begetter reportedly advised and assisted his lad connected matters related to lobbying lawmakers successful Washington D.C. and whitethorn present beryllium cooperating with prosecutors down SBF’s case.
It’s unclear astatine the clip of work whether Bankman has immoderate transgression oregon civilian liability related to the illness of FTX, and what information, if any, helium whitethorn person provided to authorities. On Jan. 3, Bankman-Fried pled not blameworthy to each transgression charges he’s facing related to allegations of fraud astatine FTX. Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang person already pled guilty to akin charges.
Together with his woman Barbara Fried, Bankman helped unafraid his son’s bail successful December with the equity successful their house. Bankman-Fried has mostly remained confined successful the aforesaid Palo Alto spot since, lone allowed to permission nether definite conditions including attending ineligible proceedings successful New York. Both Bankman and Fried are professors astatine Stanford Law School.
heh whoops that was unintentional, bully catch--think determination shouldn't beryllium a paying enactment anymore...
— SBF (@SBF_FTX) January 12, 2023In a uncommon nationalist connection since his apprehension successful the Bahamas, Bankman-Fried posted his mentation of events starring to FTX’s insolvency successful a ‘pre-mortem overview’ connected Jan. 12. The erstwhile CEO mostly denied the allegations against him — “I didn’t bargain funds, and I surely didn’t stash billions away” — alternatively placing immoderate of the blasted connected the crypto marketplace clang and Binance CEO Changpeng Zhao.
Bankman-Fried’s transgression proceedings is scheduled to statesman successful October.
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