Shortly after the early November 2022 collapse of FTX, EV asked me and my law firm, Mintz, to conduct an independent investigation into the relationship between FTX/Alameda and EV. I led our team’s investigation, which involved reviewing tens of thousands of documents and conducting dozens of witness interviews with people who had knowledge about EV’s relationship with FTX and Alameda. As background, I spent 11 years serving as a federal prosecutor in the United States Attorney’s Office for the Southern District of New York, the same USAO that prosecuted Sam Bankman-Fried and the other FTX/Alameda executives.
I can confirm that the statements in Zach Robinson’s post from yesterday, December 13, 2023, about the results of the investigation are 100% true and accurate.
Mintz’s independent investigation found no evidence that anyone at EV knew about the alleged fraudulent criminal conduct at FTX and Alameda. This conclusion was later reinforced by the evidence at this fall’s trial of United States v. Sam Bankman-Fried, where the three cooperating witnesses who had all pled guilty (Caroline Ellison, Gary Wang, and Nishad Singh) testified that only four people knew about the alleged criminal fraud – those three people plus SBF. Accordingly, the testimony at the SBF trial was consistent with our conclusion that there is no evidence that anyone at EV knew about the alleged criminal fraud.
Finally, I want to add this point. Over the last year, my team and I had the chance to meet dozens of people affiliated with the various EV projects. We were consistently impressed by everyone’s genuine commitment and dedication to the EA mission, particularly during a very challenging year. I wish you all the best in your future endeavors.
Dear Stephen and the EA community:
Shortly after the early November 2022 collapse of FTX, EV asked me and my law firm, Mintz, to conduct an independent investigation into the relationship between FTX/Alameda and EV. I led our team’s investigation, which involved reviewing tens of thousands of documents and conducting dozens of witness interviews with people who had knowledge about EV’s relationship with FTX and Alameda. As background, I spent 11 years serving as a federal prosecutor in the United States Attorney’s Office for the Southern District of New York, the same USAO that prosecuted Sam Bankman-Fried and the other FTX/Alameda executives.
I can confirm that the statements in Zach Robinson’s post from yesterday, December 13, 2023, about the results of the investigation are 100% true and accurate.
Mintz’s independent investigation found no evidence that anyone at EV knew about the alleged fraudulent criminal conduct at FTX and Alameda. This conclusion was later reinforced by the evidence at this fall’s trial of United States v. Sam Bankman-Fried, where the three cooperating witnesses who had all pled guilty (Caroline Ellison, Gary Wang, and Nishad Singh) testified that only four people knew about the alleged criminal fraud – those three people plus SBF. Accordingly, the testimony at the SBF trial was consistent with our conclusion that there is no evidence that anyone at EV knew about the alleged criminal fraud.
Finally, I want to add this point. Over the last year, my team and I had the chance to meet dozens of people affiliated with the various EV projects. We were consistently impressed by everyone’s genuine commitment and dedication to the EA mission, particularly during a very challenging year. I wish you all the best in your future endeavors.
-- Jason P.W. Halperin