- Former FTX Chief Regulatory Officer Daniel Friedberg was allegedly involved in the cover-up of a $50 million online poker cheating scandal.
- Friedberg also made the maximum allowable donation to Republican Congressman George Santos’ campaign last year.
- According to Reuters, he is cooperating with federal prosecutors investigating FTX and Alameda Research.
Former FTX Chief Regulatory Officer Daniel Friedberg has said he’s faced multiple problems, including controversy-plagued Congressman George Santos and the infamous online poker scandal, in addition to the collapse of the cryptocurrency exchange. There is a relationship.
Seattle-based attorney reportedly According to CNBC, Sam Bankman-Fried held four roles during his two-year stint at the former $32 billion cryptocurrency business. He served as legal counsel to Alameda Research, a sister firm accused of misappropriating billions of dollars worth of his FTX customer deposits.
U.S. prosecutors say biggest financial scam Friedberg was reportedly embroiled in another controversy that rocked the entire online poker industry.
The 52-year-old was an executive at a Canadian software company called Excapsa. Excapsa’s poker platform saw actor Ben involved in a long-running cheating scandal where he exploited his $50 million from players, including Affleck. Poker website Ultimate Bet later confirmed that cheating took place on its platform, adding that certain players were given an “unfair advantage” and were able to see their opponent’s cards. .
“It turned out that the person responsible worked for the previous owner of Ultimate Bet [or Excapsa],” company.
Along with other former Excapsa executives, Friedberg was recorded in a conversation about covering up a cheating scheme. poker news Reported in 2013.
Donate to George Santos Campaign
Like many FTX executives, Friedberg has funded aspiring politicians. gave.The Seattle Times first report.
Friedberg had made few political contributions before Santos, but some FTX executives donated money to beleaguered Republican congressmen, according to the news outlet, citing Federal Election Commission filings. Did.
“It’s clear he’s a terrible candidate, but I didn’t know it at the time,” Friedberg said in an email to The Seattle Times, adding that he donated to a friend’s family. He added that it was because he had a recommendation.
Santos is currently facing criminal and ethics investigations over falsified resumes and campaign finance. The newly elected Republican has also been accused of stealing thousands of dollars from his GoFundMe account of a homeless veteran who was raising money for a sick service dog.
He is cooperating with US prosecutors regarding the former regulator’s involvement in FTX misconduct allegations, one person said. Reuters report. Elsewhere, Friedberg says class action lawsuit, Former executive claims to have “facilitated crime” [FTX’s] In part, it helps cover up signs that the FTX scheme is unraveling. “
Friedberg could not be reached for comment.
