SEC Official Dan Berkovitz Steps Down After Several Meetings With SBF
- December 29, 2022
Rea K., Crypto-Academy
Due to rumors that he had dinner with disgraced FTX founder Sam Bankman-Fried, Dan Berkovitz, general counsel at the Securities and Exchange Commission, resigned.
The SEC has declared that Berkovitz will leave his position with the institution on January 31. Following his resignation, Megan Barbero, who is now the SEC’s Principal Deputy General Counsel, will be named General Counsel.
According to the Washington Examiner, Berkovitz, an FTX ally within the financial regulatory body, met with Bankman-Fried and other cryptocurrency lobbyists. The publication stated that it had seen emails indicating that the SEC officer and SBF had a cordial connection.
The watchdog Protect the Public’s Trust initially obtained the emails. Director of Protect the Public’s Trust Michael Chamberlain stated:
“If ever there were a scene to conjure up a vision of a D.C. rigged toward corrupt insiders at the expense of the little guy, it would be difficult to top this one. Not long before its collapse and a raft of fraud charges, SBF and his gang were wooing.”