Most white-collar defendants lay low, but Sam Bankman-Fried has been talking, tweeting, and sending email newsletters. Those comments could come back to hurt him.
It's an unusual strategy for a high-profile criminal defendant who oversaw a company that lost billions of dollars of customer money. And it has left lawyers not involved in the case aghast, since each quotation and tweet from Bankman-Fried is effectively a gift to prosecutors, who can use that material to build their case against him.
"All my Republican donations were dark," he told Fong."And the reason was not for regulatory reasons. It's because reporters freak the f*** out if you donate to a Republican. They're all super liberal, and I didn't want to have that fight. So, I made all the Republican ones dark."Damian Williams, the United States Attorney for the Southern District of New York, announces the indictment of Samuel Bankman-Fried on Dec. 13, 2022 in New York City.
That may not be all. Lawyers warn prosecutors could use more of the comments he's made during his trial, which is set to start in October.It's not just interviews that have landed Bankman-Fried in trouble. He has also been reaching out to current employees of FTX, and that could lead to more consequences.
After that message came to light, the judge overseeing the trial imposed new restrictions on Bankman-Fried's bail, prohibiting him from sending "'If I could just talk to you long enough, I can explain it all away,'" she imagines a defendant thinking."'And I can tell you that I was doing was perfectly legitimate.'"In his public pronouncements, the former CEO of FTX has sought to defend himself by saying he did not intend to spark losses for customers of FTX, and maintaining, above all else, that he's not a bad guy.
Days before he was arrested in the Bahamas, Sam Bankman-Fried did an interview with George Stephanopoulos of ABC News.Days before he was arrested in the Bahamas, Sam Bankman-Fried did an interview with George Stephanopoulos of ABC News.Bankman-Fried may not believe he is like Madoff, but he reminds lawyers of another young, disgraced CEO who couldn't keep quiet before his trial:"Pharma Bro" Martin Shkreli.
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