Joseph Bankman, the father of former FTX CEO Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward. According to a Jan. 12 report from Reuters, Bankman retained Sean Hecker of New York-based law firm Kaplan Hecker & Fink LLP. Bankman-Fried’s father reportedly advised and assisted his son on matters related to lobbying lawmakers in Washington, D.C. and may now be cooperating with the prosecutors behind SBF’s case. On Jan. 3, Bankman-Fried pleaded not guilty to all criminal charges he’s facing related to allegations of fraud at FTX. Together with his wife, Barbara Fried, Bankman helped secure his son’s bail in December with the equity in their house.

Source: Wall Street Journal January 13, 2023 08:12 UTC