Ira Lee Sorkin has two words of advice for Sam Bankman-Fried: “Shut up.”
Sorkin once represented the late Ponzi schemer Bernie Madoff, the man to whom the disgraced CEO is often compared since the FTX crypto exchange imploded. Sorkin told CoinDesk TV’s “First Mover” that if he had been part of SBF’s legal team he would’ve told the 30-year-old to refrain from speaking so candidly during his many media appearances. Better yet, say nothing at all.
“If I spoke to him, I would say ‘shut up,’' Sorkin said, adding that the only individuals and entities concerned with what SBF had to say were regulators and prosecutors. “He should’ve kept quiet,” he later added.
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