Joseph Bankman hired an attorney who specializes in “white-collar criminal defense.”
The Post has reached out to Hecker and a representative of Bankman-Fried’s parents for comment.
Fried was not on FTX’s payroll. However, Bankman-Fried made political contributions to the Democratic advocacy network that Fried oversaw.Bankman-Fried’s parents also acquired a $16.4 million beachfront “vacation home” in the Bahamas that was purchased using FTX funds, according to records obtained by Reuters. The parents say they plan to return the property.
The feds have accused Bankman-Fried of perpetrating one of the biggest frauds in US history by bilking FTX customers out of billions of dollars.Prosecutors say Bankman-Fried used the funds to fund a lavish lifestyle that included real estate and venture capital investments as well as tens of millions of dollars in political donations. He is also accused of funneling FTX customer funds to prop up risky bets at his cryptocurrency hedge fund, Alameda Research..
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