Bankman-Fried is bracing for a raft of legal and regulatory scrutiny.
Beleaguered FTX founder Sam Bankman-Fried has reportedly tapped a key member of convicted sex offender Ghislaine Maxwell’s legal team to represent him following the collapse of his cryptocurrency empire.
During a Twitter Spaces appearance on Tuesday, Bankman-Fried reportedly said his hiring of Cohen was “going on advice of counsel and people who are able to understand the situation and the context,” according toIt’s unclear how Bankman-Fried plans to pay for a high-profile attorney like Cohen as he forms his legal team. The FTX founder’s net worth went from $16 billion to zero in a matter of days when FTX failed.Mark Cohen repped Ghislaine Maxwell during her recent trial.
While Bankman-Fried has yet to be charged with any crime, the disgraced ex-billionaire faces mounting legal and regulatory scrutiny over his role in FTX’s meltdown.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil jumps after OPEC+ move, stocks fall, FTX’s Sam Bankman-Fried latestOPEC+ keeps cuts ahead of EU ban, price cap begins on Russian oil, stocks fall ahead of key economic reports, FTX's Sam Bankman-Fried remains vocal on fallout. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »
Oil jumps after OPEC+ move, stocks fall, FTX’s Sam Bankman-Fried latestOPEC+ keeps cuts ahead of EU ban, price cap begins on Russian oil, stocks fall ahead of key economic reports, FTX's Sam Bankman-Fried remains vocal on fallout. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »
Disgraced crypto exec Sam Bankman-Fried spent big in two SoCal Congress racesBefore his business empire imploded, Bankman-Fried was the world’s youngest billionaire and the second-biggest donor to Democrats in the 2022 midterm.
Read more »
Texas enforcers want Sam Bankman-Fried to attend the hearing in February: Law DecodedTexas enforcers invite Sam Bankman-Fried to the hearing, Brazil legalizes crypto as a payment method, and Italy imposes capital gains tax on digital assets — all the major news in regulation.
Read more »
Sam Bankman-Fried could be fined and put behind bars for FTX's $32 billion debacleSam Bankman-Fried could be facing time in prison and hefty charges if he is convicted of fraud by U.S. Federal authorities.
Read more »