SBF ordered to court but attends meeting with Meta, FED, BlackRock – Community upset with institutions

• SBF’s inclusion in speakers at NYT’s DealBook Summit continues to receive community clap-back.
• The former FTX CEO has now been served a notice of hearing by Texas’ securities regulator. 

The controversy around Sam Bankman-Fried (SBF as he is also known) keeps building up as the former FTX CEO is still set to speak at the New York Times’ DealBook Summit 2022 later today, Nov. 30.

Andrew Ross Sorkin, NYT journalist, and CNBC co-anchor stated in a tweet that the speaking engagement will not be canceled as there are a lot of important questions to be asked and answered.

“A lot of folks have been asking if I would still be interviewing SBF at the NYT Dealbook Summit on Nov 30. The answer is yes. There are a lot of important questions to be asked and answered. Nothing is off-limits. Looking forward to it,” he said.

In response to the development, the crypto community has expressed its strong disgruntlement with both the media outlet and other ‘powers that be such as law enforcement agents. The community has argued that SBF has no business speaking at conferences when he should be behind bars for defrauding customers of billions of dollars.

One critic, popular American communications and public affairs strategist who worked on Republican political campaigns, Steve Schmidt, wrote that the way things are being handled in the case indicates that SBF was an agent of the government.

Schmidt added that SBF’s continued inclusion in the DealBook Summit at which other speakers include the CEOs of Meta and BlackRock, as well as the U.S. Treasury Department secretary and the president of Ukraine is a perfect example of the protection that the disavowed crypto founder enjoys from the government. Schmidt asserted;

A perfect example would be the marquee The New York Times DealBook Summit, scheduled for November 30, 2022, and sponsored by Accenture. They have come together in partnership to monetize the gathering of the notorious Sam Bankman-Fried, who was referred to by crypto players as the ‘J.P. Morgan of their times.’ He was featured on the August 1, 2022 edition of Fortune magazine and celebrated as likely to be Earth’s first trillionaire,

U.S. courts already going after SBF

Calls for SBF’s prosecution, meanwhile, have been yielding results in the U.S. The Texas State Securities Board’s (SSB’s) director of enforcement, Joe Rotunda has served a Notice of Hearing to SBF.

The document states that SBF is to attend a hearing scheduled for Feb. 2, 2023. The Texan securities regulator says the hearing will look into whether SBF and FTX.us have violated the state’s securities laws. The regulator also alleges that FTX.us offered unregistered securities to Texans through its ‘EARN’ product.