Emails reveal Sam Bankman-Fried's courtship of federal regulators

TL;DR

But now that the Commodity Futures Trading Commission, the Securities and Exchange Commission, and the Justice Department are prosecuting the 30-year-old for fraud, the extensive professional relationships he cultivated with current and former federal regulators risk embarrassment for all involved.As chief executive of FTX, a crypto exchange, Bankman-Fried hired multiple former federal regulators who helped connect him with top officials at the CFTC, the agency that he hoped would be charged with regulating his industry, emails show.Mark Wetjen, FTX’s former head of policy and regulatory strategy and current director at LedgerX, an FTX affiliate, formerly served as the acting chairman and a commissioner at the CFTC after being nominated to the position by President Obama.Miller set up the October 2021 dinner for Berkovitz and Bankman-Fried at Rasika West End, an upscale Indian restaurant in Washington, D.C. Zach Dexter, CEO of LedgerX, Wetjen, and Michelle Bond, the CEO of the Assn.Miller also invited CFTC Commissioner Dawn Stump to dinner with Bankman-Fried or to visit the FTX offices in Chicago on Nov. 3, 2021."

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