uring his tenure as CEO of failed crypto exchange FTX, Sam Bankman-Fried hired a handful of former federal regulators who put him in touch with officials at the agency he hoped would ultimately regulate the crypto industry.
The 30-year-old, who was arrested this month on multiple counts of fraud, hired as his top deputies former regulators including Ryne Miller, who previously served as legal counsel to Gary Gensler. Gensler was at that time Commodity Futures Trading Commission (CFTC) chairman and now chairs the Securities and Exchange Commission (SEC).
Miller helped arrange for SBF to met and share a meal with former CFTC Commissioner Dan Berkovitz, who is current general counsel for the SEC, according to emails obtained by the Los Angeles Times.
In October of 2021, Miller arranged dinner between Bankman-Fried and Berkovitz at high end DC Indian restaurant Rasika.
Email records indicate that Berkovitz repaid Miller for his $50 share of the meal.
The SEC declined to comment on Berkovitz’s role in the ongoing case against Bankman-Fried and other FTX employees.
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