Beleaguered FTX founder Sam Bankman-Fried has reportedly tapped a key member of convicted intercourse offender Ghislaine Maxwell’s authorized crew to signify him following the collapse of his cryptocurrency empire.
Bankman-Fried employed Mark S. Cohen, a managing accomplice and co-founder of the Cohen & Gresser legislation agency in New York, Reuters reported, citing a message from the previous FTX boss’s spokesperson Mark Botnick.
A former assistant US lawyer, Cohen was a part of a crew that defended Maxwell, the longtime companion of the late convicted intercourse offender Jeffrey Epstein. In June, Maxwell was sentenced to twenty years in jail for serving to Epstein abuse underage women.
Throughout a Twitter Areas look on Tuesday, Bankman-Fried reportedly mentioned his hiring of Cohen was “happening recommendation of counsel and people who find themselves in a position to perceive the state of affairs and the context,” in line with Bloomberg.
It’s unclear how Bankman-Fried plans to pay for a high-profile lawyer like Cohen as he types his authorized crew. The FTX founder’s internet price went from $16 billion to zero in a matter of days when FTX failed.
Bankman-Fried claims to be all the way down to his final $100,000 — and not too long ago asserted he wasn’t certain how he’d pay for his attorneys.
“That’s one thing I’m making an attempt to determine proper now,” Bankman-Fried mentioned throughout one other Twitter Areas look final week.
Bankman-Fried can flip to his family for authorized recommendation. His dad and mom, Joseph Bankman and Barbara Fried, are each legislation professors at Stanford College. He's additionally being suggested by David W. Mills, one other celeb lawyer and Stanford professor, in line with a number of experiences.
Whereas Bankman-Fried has but to be charged with any crime, the disgraced ex-billionaire faces mounting authorized and regulatory scrutiny over his position in FTX’s meltdown.
Federal prosecutors are already reportedly investigating the circumstances that led to the corporate’s collapse and what occurred to billions of dollars that disappeared from its stability sheets.
In November, Bankman-Fried was named alongside FTX’s celeb backers, together with NFL legend Tom Brady and “Curb Your Enthusiasm” star Larry David, in a class-action lawsuit on behalf of cryptocurrency traders who misplaced cash on the platform.
Bankman-Fried can be drawing discover from members of Congress. Earlier this week, he vowed to testify earlier than the Home Monetary Providers Committee about FTX’s chapter — although he didn't decide to a selected date.
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