Disgraced FTX founder Sam Bankman-Fried has an expensive year ahead of him. Unemployed, under house arrest and stripped of his Robinhood shares, his options for funding his defense are limited.
The former crypto mogul is staring down a criminal trial for what officials have deemed “one of the biggest financial frauds in American history.” Then there’s the wide-ranging bankruptcy playing out in two countries and three civil complaints that federal and state regulators filed against him. In order to deal with it, Bankman-Fried hired five lawyers, and he has his own spokesperson.
It’s not clear how the former billionaire will pay for it all.
(By Stephanie Murray)
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