Anthony Scaramucci, who served as the Director of Communications for the White House at one point, is investing in a business that Brett Harrison, a former president of FTX US, founded. According to those who know the matter (1), the new company plans to enter the decentralized finance (DeFi) sector to provide order processing and algo-development services.
Scaramucci Is Interested in Helping Brett
Scaramucci reaffirmed his support for Harrison in a straight twitter (2) reply:
"Brett [Harrison], I am pleased to tell you that I have decided to become a shareholder in your startup entity. Go forward, and try not to turn around. I hope everything works out for you," he said.
Harrison, in addition, demonstrated his good faith by giving Scaramucci a positive response (3), which was as follows:
"You're very kind, Anthony. I appreciate that. Your encouragement and sound advice are invaluable to me. I can't wait to get started on our project together!"
During a separate session with the media, the former President of FTX in the US also stated:
"Since I started working in crypto currency two years ago, Anthony has been an excellent guide and friend. I consider it a privilege to have him as an investment partner, and I'm confident I'll gain a lot from listening to his advice as I start this new chapter."
Following the admission of guilt by FTX executives, Scaramucci has altered his tone regarding the "Fraud Factor."
Scaramucci has now changed his tune, even though he first abstained from criticizing FTX in the aftermath of its catastrophic collapse a year ago. The prominent American financier now believes that a series of fraudulent operations within FTX was the critical factor that led to the company's demise.
"It's obvious that there was a fraud," Scaramucci continued, noting that his previous reluctance to announce such was "because that's a legal term."
Scaramucci asserts that he has reconsidered his position on whether or not FTX is responsible for the alleged fraud due to new admissions of responsibility by former firm leaders. Gary Wang, the co-founder of FTX, and Caroline Ellison, a former co-CEO of Alameda Research, both pleaded guilty to numerous counts at the end of the month.
Fraud involving wires and securities and cooperation in the misappropriation and exploitation of clients' assets are examples of these types of offenses. Ellison further stipulated that he would make restitution payments in an amount that the authorities would determine at a later date.
SBF Asserts His Innocence
In the meantime, SBF insists that he is innocent of any involvement in the chain of events that culminated in the crash of the FTX. The humiliated former CEO entered a plea of not guilty to accusations brought against him in the United States less than two weeks ago.
In the presence of his lawyers and a New York District Court judge, Bankman-Fried asserted that he had never participated in a criminal conspiracy to launder money. In addition, the once-heralded "crypto wunderkind" has entered a not-guilty plea to the charges of wire fraud and appropriation of consumer funds.
In a recent letter to the substack, Bankman-Fried reiterated his position that he is innocent.
"I did not commit theft and did not hide away billions of dollars. He explained that almost all of my assets could have been used to backstop FTX customers and still can be used to do so."
The SBF trial is scheduled to start on October 2 of this year. If he is found guilty, he may spend up to 115 years in federal prison.
The collapse of FTX caused shockwaves throughout the entirety of the crypto currency sector and made the current crisis even worse.
