Braden Perry Featured in Why Bankman-Fried’s FTX Fraud Trial Isn’t Going His Way
KP Law partner Braden Perry was quoted in an article on ZeroHedge regarding the trial of Sam Bankman-Fried (SBF), founder of cryptocurrency exchange, FTX. “As of now, it’s not going well for the defense. Both Ellison and Wang have testified that SBF directed them to commit the crimes. What this trial boils down to is FTX’s use and Alameda’s use for customer funds. The prosecution will need to prove SBF used those funds knowingly and fraudulently.” According to the allegations, “SBF was the front of the entire enterprise, including Alameda. Further, SBF used a massive [line of credit,] which was not disclosed to Alameda customers or investors.”
To read this article in full: Why Bankman-Fried’s FTX Fraud Trial Isn’t Going His Way | ZeroHedge
About Kennyhertz Perry’s Commodities, Futures, and Derivatives Practice Group
Kennyhertz Perry advises clients on a wide range of commodities and derivatives regulatory matters. Kennyhertz Perry has experience in all types of derivative transactions and design structures to meet clients’ specific trading, financial, and/or credit needs. The roots of the practice are in the commodities markets, where Kennyhertz Perry partner Braden Perry spent time as a Senior Trial Attorney with the Commodity Futures Trading Commission. Our lawyers regularly advise our clients on compliance with the complex laws and regulations governing the securities and derivatives industries, including the Commodity Futures Modernization Act of 2000, the Commodity Exchange Act, the Gramm-Leach-Bliley Act, the Securities Acts of 1933 and 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the SEC and CFTC regulations, the rules of the various derivatives exchanges and clearinghouses and other industry self-regulatory organizations and the “Blue Sky” state securities laws. Keeping abreast of regulatory developments is imperative and enables our lawyers to guide clients on comment-making about proposed legislation and regulation, provide ongoing operational and compliance counseling, and offer advice on appropriate modifications of transaction structure and documentation.
Clients also benefit from Kennyhertz Perry’s experience in related areas of law, such as litigation, banking, securities, insurance, and its regular practice before the Commodity Futures Trading Commission. Leaders in the financial industry choose Kennyhertz Perry because the firm’s lawyers tailor their advice to the unique issues presented by each matter they handle.
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