Sam Bankman-Fried Switches Lawyers Ahead of Sentencing, Faces Potential Conflict of Interest
The FTX founder, convicted of fraud, chooses Marc Mukasey to represent him, despite Mukasey's ties to a victim of Bankman-Fried's crimes.
- Sam Bankman-Fried appeared in a New York court to switch lawyers before his March sentencing, choosing Marc Mukasey despite a potential conflict of interest.
- Mukasey also represents Alex Mashinsky, former CEO of the now-bankrupt cryptocurrency lender Celsius Network, which prosecutors argue was a victim of Bankman-Fried's fraud.
- Bankman-Fried, convicted on seven counts of fraud and conspiracy, could face a lengthy prison sentence. His legal team is expected to argue for a far lower sentence.
- The first photo of Bankman-Fried in prison has surfaced, showing him looking thinner and scruffier. It was obtained by crypto influencer Tiffany Fong from a former inmate.
- Bankman-Fried's sentencing is scheduled for March 28, following his conviction for defrauding billions from FTX customers and lenders, including Celsius.