According to a new report former FTX CEO Sam Bankman-Fried has now engaged attorney Mark Cohen, the former prosecutor who most recently represented the notorious Jeffrey Epstein confidante Ghislaine Maxwell in addition to the murderous drug lord Joaqun “El Chapo” Guzmán.
FTX recently declared bankruptcy when customers found that trading business Alameda Research, operated by former Bankman-Fried love interest Caroline Ellison, had reportedly used FTX funds to make irresponsible bets in the market.
In spite of the financial disaster, the former billionaire has not been charged with any crimes, despite the fact that the Securities and Exchange Commission and the Justice Department are both investigating his collapsed company.
In a statement,Bankman-Fried spokesperson Mark Botnick acknowledged that the disgraced former billionaire had formally recruited Cohen to represent him.
Maxwell, a close acquaintance of the late child sex offender Jeffrey Epstein, was sentenced earlier this year to 20 years in jail on several conspiracy and sex trafficking counts.
She had helped Epstein find and sexually young women.
FTX became an instant hit three years ago. Multiple executives from the Bitcoin business gave heavily to Democratic and Republican candidates while based in the Bahamas and incorporated in Antigua and Barbuda.
During the 2020 election season, Bankman-Fried was the second-largest contributor to the Biden campaign.
Despite the fact that his attorney has defended high-profile criminals, Bankman-Fried rejects any allegations of impropriety. Last week, he told New York Times financial journalist Andrew Ross Sorkin that he is “truly sorry:” for what happened, and that a “lack of oversight” on his side was to blame for the demise of his company, rather than any overt plan to deceive or defraud his clients.
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