Former FTX CEO Sam Bankman-Fried refuses to testify before Senate, committee says.

TL;DR

- "We have offered Sam Bankman-Fried two different dates for providing testimony before the Senate Banking, Housing, and Urban Affairs Committee, and are willing to accommodate virtual testimony.- Attorneys for Bankman-Fried have said he is unwilling to accept service of a subpoena, the panel's leaders said.Bankman-Fried is scheduled to appear at a House Financial Services Committee hearing on Tuesday that will focus on his company's collapse.In a joint statement, Senate Banking Chair Sen. Sherrod Brown, D-Ohio and ranking member Pat Toomey, R-Pa., said they have "offered Sam Bankman-Fried two different dates for providing testimony before the Senate Banking, Housing, and Urban Affairs Committee, and are willing to accommodate virtual testimony."In the letter to Bankman-Fried requesting his testimony, Brown and Toomey wrote that "there are still significant unanswered questions about how client funds were misappropriated, how clients were blocked from withdrawing their own money, and how you orchestrated a cover up.""

Like summarized versions? Support us on Patreon!