Legal Expert John Deaton Raises Concerns Over the SEC and DOJ's Impartiality
A recent report by BusinessWeek has sent shockwaves through the crypto community, alleging that Barbara Fried and Joseph Bankman, parents of former FTX...
- A recent report by BusinessWeek alleges that the parents of former FTX CEO Sam Bankman-Fried, Barbara Fried and Joseph Bankman, participated in running FTX and benefited from fraudulent activities.
- The report suggests that they had access to crucial emails, used their influence to open doors in Silicon Valley and Democratic power circles for their son, and allegedly acquired a lavish villa and cash expenses covered by FTX customers.
- Pro-XRP lawyer John Deaton expresses concerns about the compromised Department of Justice (DOJ), stating that if SBF's parents didn't have connections to people like Senator Elizabeth Warren and weren't big donors to the Democratic Party, they might have faced legal trouble.
- FTX has been given permission by a U.S. court to sell its cryptocurrency assets, worth more than $3.4 billion, to pay off its debts.
The sentiment of the article is negative, as it discusses allegations of fraudulent activities involving FTX and the compromised state of the DOJ.