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Partner authors op-ed in ‘Bloomberg’ on potential FTX defense strategy
Dec 06, 2022Partner Renato Mariotti authored an op-ed published Dec. 5 by Bloomberg Law on the potential defense strategy of FTX crypto exchange founder Sam Bankman-Fried (SBF) in the face of FTX’s collapse. “The smart move would be to remain silent and let others—like his attorneys—do the talking because their words can’t be used against him at trial,” Renato wrote. “Given what we know publicly, Bankman-Fried has serious potential criminal liability. At this point, remaining out of prison is a ‘win’ for him even if he ends up losing everything and faces crippling fines and civil penalties,” he continued. “The primary concern of his defense team should be criminal indictment for fraud.”
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