On November 2, 2023, Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange was found guilty of fraud and money laundering. Federal prosecutors are alleging that he defrauded FTX customers out of upwards of $8 billion. In his ongoing coverage of the case, Law360’s Phil Bantz spoke with Attorney Eugene Gorokhov regarding the sentencing implications of SBF’s conviction.
What Is a Proffer Agreement—and Should You Ever Sign One?
Speaking With Federal Prosecutors Is a Strategic Decision That Should Never Be Made Lightly Individuals under federal investigation are sometimes approached by prosecutors with an opportunity to participate in what is known as a proffer session. The invitation may be presented as a chance to explain events, provide information, or discuss possible cooperation with the government.