Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut up
Most white-collar defendants lay low, but the ex-CEO of the collapsed cryptocurrency exchange FTX has been talking, tweeting, and sending email newsletters. Those comments could come back to hurt him.
Sam Bankman-Fried, the disgraced founder of the cryptocurrency exchange FTX, isn't doing himself any favors.
Despite being charged with orchestrating one of the largest financial frauds in history and facing the prospect of spending his life in prison, he has been tweeting and giving interviews with media — all in an attempt to defend himself in the court of public opinion.
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
