The son of two Stanford University law professors, Mr. Bankman-Fried said that his parents did not approve of the tweets, letters and other comments he’d made since FTX filed for bankruptcy this month, but Mr. Bankman-Fried said he did not see the good it would do to sit in a room “pretending the outside world doesn’t exist.”
But everything Mr. Bankman-Fried has said can and very likely will be used against him in court. Some of the authorities who are investigating the FTX collapse have said that prison — and even a life term — could be a possibility for him.
Mr. Bankman-Fried is in the Bahamas now, but he said there was no legal risk for him in returning to the United States. He said that he could envision eventually explaining to lawmakers what went wrong at FTX.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn