Former New York governor advised OKX over $505M federal probe: Report

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Coin Telegraph 1d ago

Former New York governor advised OKX over $505M federal probe: Report - Coin Telegraph

Quick Summary:

Cuomo, a New York-registered attorney, advised OKX on legal issues stemming from the probe sometime after August 2021 when he resigned as New York overnor, Bloomberg reported on April 2, citing people familiar with the matter.“He spoke with company executives regularly and counseled them on how to respond to the criminal investigation,” Bloomberg said.

A spokesperson for Cuomo, Rich Azzopardi, told Bloomberg that Cuomo has been providing private legal services representing individuals and corporations on a variety of matters since resigning as New York governor.“He has not represented clients before a New York city or state agency and routinely recommends former colleagues for positions,” Azzopardi added.

Cryptocurrency exchange OKX reportedly hired former New York Governor Andrew Cuomo to advise it over the federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties.