Former FTX President Sam Bankman-Fried said today that he has appointed prominent attorney Mark S. Cohen — who recently defended social sex offender Ghislaine Maxwell — to represent him. He also said he did not know how he would pay the legal fees.
After, after Reuters first mentioned News, the disgraced founder and former CEO of a crashing stock market has been confirmed that he hired Cohen in a live interview with Twitter Spaces.
When asked how he paid for it in a live session with technology consulting firm Rekt, Bankman-Fried said he didn’t know.
“In terms of paying attorney fees, I’m still working on it,” he said. “I am not sure if I will be able to pay all the legal fees.”
Mark S.’s office did not respond. Cohen immediately DecryptRequest for comment. His law firm Cohen & Gresser is international, with offices in New York, Paris, Washington D.C., and London, and regularly handles high-profile cases. In 2014, the Federal Drug Agent Foundation awarded partner Christian Everdel and his team the True American Hero award for their work bringing down Mexican drug lord “El Chapo,” according to the company’s website.
The Reuters The report also noted that Carolyn Ellison, the former head of Alameda Research’s bankruptcy trading firm, hired the Washington-based law firm Wilmer Cutler Pickering Hale and Dorr.
Bankman Fried, which is being investigated by the Securities and Exchange Commission and the Department of Justice but is not currently facing criminal charges, previously He said In an interview that he had only $100,000 left of his fortune. The former CEO’s fortune was $26 billion, according to bloomberg estimates.
Bankman-Fried has not been accused of any wrongdoing, and despite what disgruntled FTX users say, It is possible that he did nothing criminal.
Until he’s charged with a crime, it looks like he’ll keep apologizing for the stock market crash – and lose a lot of money.
“I’m so sorry and I think there are things going forward that will help customers,” he added in an interview today. “I will continue to find out what happened and I’m really sorry.”
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