• Charles Gasparino has criticized the law firm Boies Schiller Flexner LLP for representing victims of the Sam Bankman-Fried FTX exchange.
• Gasparino claims there is a conflict of interest due to connections between David Boies and SBF’s uncle James Fox-Miller.
• Creditors are concerned about any potential conflicts of interest that may influence the lawsuit negatively.
Criticism towards David Boies
Charles Gasparino, a media celebrity, has criticized David Boies for representing the victims of the Sam Bankman-Fried FTX exchange. Gasparino, who took to Twitter to convey what appears to be a conflict of interest, stated that the representation is raising eyebrows in the legal community.
Conflict Of Interest
According to Gasparino, Boies already has a conflict of interest because of his ties to those close to Bankman-Fried, better known as SBF. He emphasized how close the lawyer is to SBF’s uncle James Fox-Miller. Additionally, he claimed that his wife assisted SBF with a well-known charity event that was funded by FTX before its collapse.
Influence from Political Class
Sam Bankman-Fried has close connections to the political class, however it is unclear whether this could influence judicial favors towards him or against creditors seeking resolutions in bankruptcy proceedings.
Consequences for Creditors
Creditors are concerned about any potential conflicts of interest that may influence the lawsuit negatively and put them at risk during bankruptcy proceedings if favoritism occurs due to any political influences.
Conclusion
Charles Gasparino has pointed out potential conflicts of interests involving David Boies which could have negative implications on creditors during bankruptcy proceedings if favoritism occurs due to any political influences within Sam Bankman- Fried’s circle.