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News

SBF Collaborates With His Dad’s Colleagues On The Next Legal Journey

November 18, 2022 - Around 2 mins mins to read
The SBF reportedly changed its attorney in the investigation of his role in the collapse of FTX. This time, David Mills, a criminal law and white-collar crime professor at Stanford University’s law school, where Sam’s father works, will accompany in the next step.
SBF

On November 18, according to CoinDesk, the legal counsel of the former FTX SBF CEO changed from law firm Paul, Weiss, Rifkind, Wharton & Garrison to David Mills, professor of criminal law and white-collar crime at Stanford Law School. It is known that SBF’s father, Joseph Bankman, is also teaching here.

Less than a week ago, the SBF hired Paul, Weiss, Rifkind, Wharton & Garrison to protect him. As of now, SBF has not been charged with any crime.

Agencies including the US Department of Justice, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have opened investigations into him.

SBF

A court filing yesterday by John Ray III, the new CEO of FTX, shows that Bankman-Fried at best engaged in poor practices in the financial management of FTX.

He said he had no confidence in the combined asset and liability claims that FTX had prepared under the former CEO and called for him to be “potentially compromised.”

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