Wednesday, February 8, 2023
HomeAll Ch00 Ch00 NewsSam Bankman-Fried's father lawyers up as FTX investigation intensifies

Sam Bankman-Fried’s father lawyers up as FTX investigation intensifies

He had given 'legal advice' to his son twice and received cash payments from disgraced crypto giant

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he father of disgraced FTX CEO Sam Bankman-Fried has lawyered up as officials look into his ties to the cryptocurrency company. 

Joseph Bankman, a law professor at Stanford University, has reportedly hired Sean Hecker of Kaplan Hecker and Fink LLP to represent him, Reuters has reported. 

Hecker, on the firm’s website, is described as ‘an experienced trial lawyer whose practice focuses on white-collar criminal defense, government and internal investigations, complex civil litigation, and regulatory compliance.’

Bankman has not been charged with any crimes but current FTX CEO John Ray recently confirmed the company was looking into ‘legal advice’ the father may have given his son, as well as cash payments. 

Ray told lawmakers while speaking at Capitol Hill last month that his team was ‘investigating’ the role Bankman and his wife, Stanford law professor Barbara Fried, played in the company’s downfall. 

 

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