A regulatory official who had previously dined with FTX founder Sam Bankman-Fried and his lobbyists has stepped down from his role at the Securities and Exchanges Commission.
SEC General Counsel Dan Berkovitz announced that he is departing his role at the agency effective Jan. 31, the agency said. Berkovitz was an ally of FTX within the financial regulatory agency and had meetings with SBF and other crypto lobbyists.Principal Deputy General Counsel Megan Barbero will take over for Berkovitz upon his departure.
It comes after the Washington Examiner revealed Berkovitz cozy relationship with SBF and FTX thanks to emails obtained by the watchdog Protect the Public's Trust. “If ever there were a scene to conjure up a vision of a D.C. rigged toward corrupt insiders at the expense of the little guy, it would be difficult to top this one," Michael Chamberlain, director of Protect the Public's Trust, told the Washington Examiner.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Bankman-Fried Now in FBI Custody, Will Appear in Court 'as Soon as Possible'FTX founder Sam Bankman-Fried is now in FBI custody facing both civil and criminal charges. Meanwhile, the SEC has charged former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang with defrauding FTX customers. Barhoma Law founder Matthew Barhoma discusses the latest legal considerations of FTX's bankruptcy and the potential road ahead.
Read more »
FTX Investors’ Loss Is Wall Street Lawyers’ GainAttorneys are charging upwards of $2,000 an hour and $12 million retainers as they attempt to restore funds to the million-odd creditors of Sam Bankman-Fried’s failed empire.
Read more »
New FTX Charges Against Caroline Ellison, Gary Wang Show U.S. Is Going After Deputies TooThe guilty plea on fraud charges by two associates of FTX founder Sam Bankman-Fried paves the way for U.S. authorities to hold more of his deputies responsible for the cryptocurrency exchange’s collapse
Read more »
FTX founder Sam Bankman-Fried lands in US for first court appearanceFTX founder and former CEO Sam Bankman-Fried landed in the United States on Thursday for his first court appearance.
Read more »
FTX could pay over $2,100 per hour for bankruptcy lawyersBankrupt crypto exchange FTX has asked a U.S. bankruptcy judge for permission to pay its top restructuring lawyers as much as $2,165 per hour, an unusually high rate for a company that cannot afford to repay all of its debts.
Read more »
FTX founder Sam Bankman-Fried allowed $250 million bond, house arrestA judge says cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million bond and live in his parents’ home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform.
Read more »