Judge withdrew participation from Sam Bankman-Fried lawsuit amid a potential conflict of interest
Due to a probable conflict of interest, District Judge Ronnie Abrams resigned from the legal proceedings involving Sam Bankman-Fried, the disgraced former CEO and creator of the crypto exchange FTX.
Sam Bankman-Fried
Judge withdraws from Bankman-Fried case, citing potential conflict of interest
The FTX adviser in 2021, Greg Andres, is a partner at Davis Polk & Wardwell, according to Abrams. The law company has also defended parties who might be against FTX and Bankman-Fried.
“My husband has had no involvement in any of these representations,” Abrams wrote in a filing on Friday. “Nonetheless, to avoid any possible conflict, or the appearance of one, the Court hereby recuses itself from this action.”
After being detained on December 12, Bankman-Fried is now facing charges of fraud against FTX’s clients and lenders, money laundering, and conspiracy to defraud the United States as well as violations of the rules governing campaign funding disclosure.
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