Sam Bankman-Fried Keeps Talking, A LOT, Against Advice Of Counsel
He's that client who just won't shut up, even if it would save his own ass.
Sam Bankman-Fried (Photo by Matias J. Ocner/Miami Herald/Tribune News Service via Getty Images)
I didn’t ever try to commit fraud.
— Sam Bankman-Fried, founder and former CEO of now-bankrupt crypto exchange FTX, in comments given during a video appearance at the New York Times’ Dealbook Summit. Bankman-Fried participated in the Dealbook interview against the advice of his lawyers. Although FTX lost billions of dollars, he said he doesn’t think he’s criminally liable. “There was no person who was chiefly in charge of positional risk of customers on FTX, and that feels pretty embarrassing in retrospect,” Bankman-Fried said.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
