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“What’s the point of doing it if it’s not in writing?” Sam Bankman-Fried leaves court on Thursday. “The reason you put it in an email is you want to get it in writing so you can cover your ass,” a former SEC official told On The Money. Multiple sources at the SEC said commissioners typically use email to request a meeting with the Ethics office and create a paper trail. “These types of special-access meetings are where some of the worst abuses in Washington happen and the American people need to know what happened in the lead up to this meeting.”

“The fact that the SEC appears unwilling to share all the documentation associated with the vetting of this meeting should raise enormous red flags for investigators,” Thomas Jones, president of the American Accountability Foundation, told On The Money. SEC Chair Gary Gensler has been criticized over alleged conflicts of interest and cozy ties to the 31-year-old accused fraudster Sam Bankman-Fried. The SEC declined further comment despite repeated requests for clarification.

Not only is that a breach of the agency’s own protocol, it’s also likely that if Gensler had asked for permission he would have been refused, according to experts.Ī spokesman for the SEC said Gensler had approval for the meeting from the SEC’s ethics team but would not produce any documentation to support the claim. Now, a document recently obtained through the Freedom of Information Act shows that there is no record that Gensler ever requested permission from the SEC’s Office of the Ethics Counsel to meet with SBF. The now-infamous virtual meeting - which came six months before Bankman-Fried was arrested on epic fraud charges - has stoked criticism of Gensler over alleged conflicts of interest and cozy ties to the 31-year-old accused fraudster. Questions are multiplying around a 45-minute Zoom call that SEC Chair Gary Gensler held in March 2022 with disgraced crypto mogul Sam Bankman-Fried - including whether the controversial powwow got advance approval by the agency’s ethics team, On The Money has learned. Kennedy dishes on vaccines, crypto, and conspiracy theoriesĪmEx Black Card holders blast ‘soulless’ members-only Centurion loungeĬava IPO signals market boom ahead, bankers say

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