SEC enforcement chief Gurbir Grewal faces questions about the arrest of the fallen crypto king. As New Jersey AG feds say Menendez pressured him on prosecutions as part of a bribery plot.
New Jersey Sen. Bob Menendez and second wife Nadine Arslanian are accused of a sprawling bribery plot, which includes him pressuring the state's attorney general in return for her getting a luxury car. The same AG became the Securities and Exchange Commission's top enforcer and is facing questions over whether he did a favor to Sam Bankman-Fried.
Gurbir Grewal, now the head of enforcement for the Securities and Exchange Commission, was New Jersey’s AG when, prosecutors allege, he twice met Menendez to discuss a case involving Jose Uribe. In a separate probe, members of the House Financial Services Committee are investigating whether the timing of Bankman-Fried’s arrest was to stop him testifying to Congress the next day. “all letters and communications” between Grewal and others at the SEC with the Department of Justice related to the “timing” of the crypto billionaire’s arrest in the Bahamas on December 12, 2022 — the day before he was scheduled to testify before the Committee.
“As details about this case unfold, the reported linkage between Menendez and the Grewal family raises serious questions that demand action from the legislature,” said New Jersey Republican Senator Michael Testa.Grewal’s cousin, Balpreet Grewal-Virk is the vice chair of the Democratic Committee of Bergen County.
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