Third defense change following FTX bankruptcy: Sam Bankman-Fried, the former CEO of the exchange under investigation by the United States Securities and Exchange Commission (SEC), will now benefit from the services of lawyer Marc Cohen . The latter is particularly known for his defense of Ghislaine Maxwell, convicted of trafficking minors alongside Jeffrey Epstein.
Sam Bankman-Fried changes lawyers
Sam Bankman-Friedthe former CEO of FTX, changes lawyers for the third time after multiple disagreements with the latter, in particular concerning his unexpected speeches obstructing his own defense.
According to information reported by Reuters, Sam Bankman-Fried recently hired Mark Cohen, an associate attorney at Cohen & Gresser, to defend himself in court. Mark Cohen specializes in the defense of “white collar workers”, and has already won a lawsuit against the Securities and Exchange Commission (SEC) of the United States. He also has experience as a federal prosecutor.
Recently, his name has notably appeared in the defense of Ghislaine Maxwellfinally sentenced to 20 years in prison in 2021 for complicity in sex trafficking and trafficking of minors alongside the billionaire Jeffrey Epstein.
At the time of this writing, Sam Bankman-Fried has not yet been formally charged with any offense whatsoever, but it is still the subject of several investigations, including from US federal prosecutors and the SEC. These are aimed at determining whether the former CEO of FTX is responsible for wrongdoing in the management of FTX or Alameda Research.
At this time, we are waiting to hear if SBF will appear to testify before the US House Committee on Financial Services. next December 13. The principal concerned was satisfied with a somewhat disappointing response to his invitation, making it clear to the president that he felt he did not have the necessary information to present himself.
However, the latter responded directly to his tweet, claiming the opposite :
“Based on your role as CEO and your media interviews over the past few weeks, it is clear to us that the information you have so far is sufficient for testimony. »
If Sam Bankman-Fried were to show up, he will be sworn and hypothetically compelled to answer with the truth to questions that may be asked.
👉 Read also – Sam Bankman-Fried reveals that FTX allegedly sold assets that did not exist to its clients
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Source: Reuters
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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