SEC General Counsel resigns after ‘cozy relationship’ with SBF and FTX
- December 23, 2022
Daniel Warren, Cryptosaurus
SEC General Counsel Dan Berkowitz said he was leaving the agency on January 31, as of December 22. report good By Washington Examiner.
The government official had previously “winded and dined” with FTX founder Sam Bankman-Fried and his lobbyists.
“After thirty-four years of public service, it is time for me to pursue new and different challenges and opportunities,” Berkowitz said. Additionally, Berkowitz is a former commissioner of the Commodity Futures Trading Commission (CFTC).
The Examiner revealed that Berkowitz had a “comfortable relationship” with SBF and FTX. It cited emails obtained by watchdog Protect the Public Trust, which also Reported on resignation.
The SBF, FTX General Counsel Raine Miller and FTX President Brett Harrison met with Berkowitz in October 2021 at a luxury restaurant, it reported.
Michael Chamberlain, director of Protect the Public Trust, said:
“If ever there was a scene to capture the eye of DC rigging corrupt insiders at the expense of the little guy, it would be hard to top it,”