A former lawyer for FTX met with U.S. authorities and provided operational information on the company and Alameda, Reuters reported. SamBankmaFried Fraudcase
A former lawyer of Sam Bankman-Fried's bankrupt FTX crypto firm provided details of what he knew about the company's dealings during a meeting with officials of the U.S. Department of Justice , the Federal Bureau of Investigation and the Securities and Exchange Commission , Reuters reported, citing a person familiar with the situation.
The meeting with lawyer Daniel Friedberg and prosecutors took place at the U.S. Attorney for the Southern District of New York's office on Nov. 22, according to the source. Reuters reported that it had seen scheduling emails among the participants. Friedberg told prosecutors what he knew of Bankman-Fried's use of customer funds to finance Bankman-Fried's business empire, the source said. He also provided information on Alameda Research operations, the source said.
Friedberg has not been charged with a crime and he expects to be called as a government witness in Bankman-Fried's October trial, the person said. Friedberg's lawyer, Telemachus Kasulis, the FBI and FTX did not respond to requests for comment on his cooperation. The SEC, the Department of Justice and Bankman-Fried's spokesman declined to comment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOJ seizing millions in Robinhood shares linked to FTX, lawyer saysThe Justice Department is seizing millions in Robinhood Markets shares linked to FTX founder Sam Bankman-Fried.
Read more »
Exclusive: FTX's former top lawyer aided U.S. authorities in Bankman-Fried caseFTX's former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm's collapse, a source familiar with the matter said, adding pressure on founder Sam Bankman-Fried who was arrested on criminal fraud charges last month.
Read more »
Bahamas regulator denies asking crypto exchange FTX to mint new tokensThe Securities Commission of The Bahamas has released a statement denying claims made by US FTX debtors that the commission asked FTX to ‘mint’ new tokens.
Read more »
Bankman-Fried set to enter not guilty plea in FTX fraud caseSam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter.
Read more »
FTX founder Sam Bankman-Fried to appear in court Tuesday | CNN BusinessSam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX, is set to appear in person in a Manhattan federal court on Tuesday to face charges that include cheating investors out of billions of dollars.
Read more »
FTX crypto CEO Sam Bankman-Fried expected to plead not guilty in Manhattan federal court TuesdayDisgraced crypto executive Sam Bankman-Fried is likely to plead not guilty to an eight-count fraud and conspiracy indictment when he appears in Manhattan federal court Tuesday, a person familiar with the matter told ABC News.
Read more »