Disgraced FTX founder Sam Bankman-Fried has hired defense attorney Mark S. Cohen, who recently defended Ghislaine Maxwell in her sex trafficking trial.
Mark S. Cohen’s firm, Cohen & Gresser, played a key role in bringing down Mexican druglord Joaquín “El Chapo” Guzmán.
“In terms of paying legal fees, I’m still working that out,” he said. “I’m not sure if I will be able to pay all the legal fees.”
Meanwhile, other FTX executives are under investigation after billions of dollars of client money disappeared, which ultimately collapsed the company.
Since initial reports last month, a number of other details emerged regarding donations made to political candidates.
Bankman-Fried was the Democrat Party’s second-largest donor behind left-wing billionaire George Soros.
He also donated to the six Republicans who voted to impeach Donald Trump, including a $1 million donation to a Sen. Mitch McConnell-backed super PAC.
But Bankman-Fried still maintains he didn’t commit fraud.
“I’m deeply sorry about what happened,” he told The New York Times.
Last month, Bankman-Fried, blamed his ex-girlfriend for the company’s complete collapse and $32 Billion loss.
As The Daily Fetched reported:
The CEO admitted his company funneled millions of dollars to Democratic campaigns, becoming one of the party’s most prominent donors behind George Soros.
Federal Election Commission data shows that Bankman-Fried donated almost $38 million during the midterm cycle.
Fox News reported that the FTX founder and CEO also set up a website, Aid for Ukraine, to raise funds for Ukrainians amid the ongoing war against Russia – which was accused of being a money laundering scheme.
Cryptocurrency donations were sent to the National Bank of Ukraine.
Bankman-Fried wrote on Twitter in early March he was “excited and humbled to be working with the Ukrainian Ministry of Finance and others to support crypto donations to Ukraine.”