Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation assuming he continued to confront the former FTX CEO.
Former FTX US President Brett Harrison has lashed out at Sam Bankman-Fried for manipulating and threatening colleagues who proposed answers for rearrange FTX US’ management structure.
Harrison imparted his experiences to Bankman-Fried and FTX US on Dec. 14, making sense of how he was hired “casually over text” in Blemish. 2021 in the wake of working together at New York-based trading firm Jane Road for a couple of years.
In any case, a half year into Harrison’s tenure at FTX US, “cracks began to form” between the two, he said.
Regardless of reviewing Bankman-Fried to be a “delicate and mentally inquisitive individual” from the get go, Harrison said he saw “total insecurity and tenacity” in Bankman-Fried when confronted with conflict, particularly when Harrison proposed FTX US lay out separate branches for its executive, developer and legitimate teams.
Harrison added that he “didn’t know what accounted for the dramatic change” in Bankman-Fried’s erratic way of behaving, however he suspected mental health issues might have been a “contributing factor.”
Part of that irrational conduct Harrison portrays incorporated a progression of gaslighting and manipulation tactics Bankman-Fried involved against Harrison and different colleagues in their bid to tidy up FTX US’ corporate wreck.
Harrison also recalled his last attempt to fix FTX US’ organization issues with Bankman-Fried, guaranteeing that he threatened to “destroy my professional reputation” if a formally statement of regret wasn’t gotten:
As for the fraud charges now laid against Bankman-Fried and other FTX colleagues, Harrison said he was blinded by the firm’s alleged commingling and abuse of billions of dollars of customer funds:
“I would never have imagined that underlying these sorts of issues — which I’d seen at other more mature firms in my profession and accepted not to be fatal to business achievement — was multi-billion-dollar fraud.”
If any of us had suspected not to mention learned reality, we would have announced them immediately.
Bankman-Fried was granted bail in the wake of posting a $250 million bond assurance and pleading not guilty to each of the eight criminal accusations laid against him on Jan. 3.
Harrison ventured down as FTX US President on Sept. 27 — around five weeks before FTX catastrophically collapsed — where he stated that he moved into a warning job.