FTX’s Sam Bankman-Fried just hired Ghislaine Maxwell’s defense attorney

Beleaguered FTX founder Sam Bankman-Fried has reportedly tapped a key member of convicted intercourse offender Ghislaine Maxwell’s authorized workforce to signify him following the collapse of his cryptocurrency empire.

Bankman-Fried hired 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 attorney, Cohen was a part of a workforce 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 ladies.

During a Twitter Spaces look on Tuesday, Bankman-Fried reportedly mentioned his hiring of Cohen was “going on advice of counsel and people who are able to understand the situation and the context,” in response to Bloomberg.

It’s unclear how Bankman-Fried plans to pay for a high-profile attorney like Cohen as he varieties his authorized workforce. The FTX founder’s internet price went from $16 billion to zero in a matter of days when FTX failed.

Sam Bankman-Fried
Sam Bankman-Fried has pledged to testify earlier than Congress.
Getty Images
Mark Cohen
Mark Cohen repped Ghislaine Maxwell throughout her current trial.
Cohen & Gresser

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 legal professionals.

“That’s something I’m trying to figure out right now,” Bankman-Fried mentioned throughout one other Twitter Spaces look final week.

Ghislaine Maxwell
Ghislaine Maxwell was sentenced to twenty years in jail in June.

Bankman-Fried can flip to his family for authorized recommendation. His mother and father, Joseph Bankman and Barbara Fried, are each legislation professors at Stanford University. He can be being suggested by David W. Mills, one other superstar attorney and Stanford professor, in response to a number of experiences.

While Bankman-Fried has but to be charged with any crime, the disgraced ex-billionaire faces mounting authorized and regulatory scrutiny over his function in FTX’s meltdown.

Federal prosecutors are already reportedly investigating the circumstances that led to the company’s collapse and what occurred to billions of {dollars} that disappeared from its stability sheets.

In November, Bankman-Fried was named alongside FTX’s superstar backers, together with NFL legend Tom Brady and “Curb Your Enthusiasm” star Larry David, in a class-action lawsuit on behalf of cryptocurrency who lost money on the platform.

Bankman-Fried can be drawing discover from members of Congress. Earlier this week, he vowed to testify earlier than the House Financial Services Committee about FTX’s chapter – although he didn’t decide to a particular date.

Back to top button