{"id":12275,"date":"2024-04-04T12:58:54","date_gmt":"2024-04-04T09:58:54","guid":{"rendered":"https:\/\/forklog.com\/en\/us-government-accused-of-aiding-ftx-by-lawyer\/"},"modified":"2024-04-04T12:58:54","modified_gmt":"2024-04-04T09:58:54","slug":"us-government-accused-of-aiding-ftx-by-lawyer","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/us-government-accused-of-aiding-ftx-by-lawyer\/","title":{"rendered":"US Government Accused of Aiding FTX by Lawyer"},"content":{"rendered":"<p>John Deaton, founder of Deaton Law Firm, has accused the US authorities of overlooking certain illegal activities by the exchange FTX and its founder Sam Bankman-Fried (SBF).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/SBF_FTX?ref_src=twsrc%5Etfw\">@SBF_FTX<\/a> now claims that he wasn\u2019t aware stealing money from customers and using it for political donations was illegal. ? During his fraud trial, evidence was presented that he gave $10 million to the Biden Administration while serving as CEO of <a href=\"https:\/\/twitter.com\/FTX_Official?ref_src=twsrc%5Etfw\">@FTX_Official<\/a>. The reason he\u2026 <a href=\"https:\/\/t.co\/SUO7BOBuCB\">https:\/\/t.co\/SUO7BOBuCB<\/a> <a href=\"https:\/\/t.co\/80ruYg7afn\">pic.twitter.com\/80ruYg7afn<\/a><\/p>\n<p>\u2014 John E Deaton (@JohnEDeaton1) <a href=\"https:\/\/twitter.com\/JohnEDeaton1\/status\/1775266191696969887?ref_src=twsrc%5Etfw\">April 2, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNow SBF claims he didn\u2019t know that stealing money from clients and using it for political donations was illegal. During the fraud trial, evidence was presented of a $10 million transfer to the [President] Joe Biden administration while he was CEO of the company,\u201d he stated.<\/p>\n<\/blockquote>\n<p>Deaton clarified that the main goal of these contributions was to \u201cbuy access\u201d to US politicians and officials. <\/p>\n<p>During the exchange&#8217;s existence, Bankman-Fried met numerous times with the chairman of the <span data-descr=\"US Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> Gary Gensler, as well as representatives from the <span data-descr=\"US Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span>, the US Treasury, and the <span data-descr=\"US House Financial Services Committee\" class=\"old_tooltip\">FSCD<\/span>. <\/p>\n<p>SBF was even called as a witness to \u201ctestify or, better said, lie\u201d before Congress, the lawyer noted.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNow ask yourself why the Department of Justice closed the criminal case against SBF related to violations of campaign finance laws? The American people deserve transparency when it comes to their representatives,\u201d Deaton emphasized. <\/p>\n<\/blockquote>\n<p>He pointed out that <a href=\"https:\/\/forklog.com\/en\/news\/elizabeth-warren-labels-cryptocurrency-a-tool-for-fraudsters\">anti-cryptocurrency<\/a> Senator Elizabeth Warren \u201cdid not ask a single question\u201d to Gensler about his connections with FTX and its founder. <\/p>\n<p>The head of Deaton Law Firm also highlighted the possible involvement of Bankman-Fried&#8217;s parents, who allegedly received $10 million in client funds and owned luxury housing purchased with these funds. He noted that they have not yet been charged: <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIs it not because [SBF&#8217;s] parents have friends in Washington, like Warren? His mother, Barbara Fried, leads a Democratic super PAC called Mind the Gap. When Senator Warren ran for president, [FTX founder&#8217;s father] Joe Bankman helped formulate her tax plan.\u201d <\/p>\n<\/blockquote>\n<p>The lawyer added that Bankman-Fried&#8217;s father is \u201can expert in creating shell companies to avoid taxes,\u201d citing the scheme of FTX&#8217;s subsidiaries.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/Pzo2nUOB-SFQtZk-gJQ-HLaPEoi4Ch9MNg_kjen3ggPE_P5gZuIk0G9BTP3lviWq6lP8-kkC2snNLbj2hooJtND5agXu77vGX1ioUwaMoHBnqhlqKN2llw3WG3t4nd5Aw_Z2xqq__mDDmZTE2qMEOfo\" alt=\"US Government Accused of Aiding FTX by Lawyer\"\/><figcaption class=\"wp-element-caption\">Chain of companies related to FTX. Data: John Deaton.<\/figcaption><\/figure>\n<p>Earlier, the bankrupt FTX filed a lawsuit against Bankman and Fried. The exchange intends to recover misappropriated funds and assets worth \u201cmillions of dollars\u201d to add to the general bankruptcy estate. However, SBF&#8217;s parents&#8217; lawyers rejected the claims, calling them unfounded. <\/p>\n<p>Deaton is currently running for the US Senate and likely hopes to draw additional voter attention to the issue of \u201cWashington insiders.\u201d <\/p>\n<p>In late March, SBF was <a href=\"https:\/\/forklog.com\/en\/news\/sam-bankman-fried-sentenced-to-25-years-in-prison\">sentenced to 25 years<\/a> in prison. <\/p>\n<p>Following the verdict, the <a href=\"https:\/\/forklog.com\/en\/news\/community-deems-sam-bankman-frieds-sentence-too-lenient\">community deemed<\/a> the sentence \u201ctoo lenient,\u201d considering the damage caused. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>John Deaton, founder of Deaton Law Firm, has accused the US authorities of overlooking certain illegal activities by the exchange FTX and its founder Sam Bankman-Fried (SBF). @SBF_FTX now claims that he wasn\u2019t aware stealing money from customers and using it for political donations was illegal. ? During his fraud trial, evidence was presented that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1236,1403,26],"class_list":["post-12275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ftx","tag-sam-bankman-fried","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12275"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12274"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}