FaZe Clan Co-Owner Ricky Banks Responds To Offshore Gambling Accusations

FaZe Clan members never fail to avoid controversies. In July 2021, few of the members of the eSports organization were involved in a pump and dump cryptocurrency scandal.

FaZe Clan permanently suspended member Kay from the group and also banned other members such as Teeqo, Jarvis, and Nikan. However, Teeqo has since been reinstated in the group following a big announcement.

FaZe Clan issued a statement on Twitter announcing the ouster of Kay from their organization and placing a suspension on the other three members ‘until further notice’.

Kay joined the FaZe Clan over 7 years ago in 2013. The other member who has been suspended, Jarvis, is his younger brother who came on board in 2019. 

More recently, the co-owner of FaZe Clan Ricky Banks was the center of controversy as offshore gambling accusations have been levied against him.

On the BFFs podcast with Josh Richards and Barstool Sports owner Dave Portnoy, FaZe Banks explained that he has done nothing wrong and he ‘is as legit as it gets’.

What Did FaZe Banks Say?

“We did a 1-month stint campaign with them [Roobet], we were getting jets to Mexico, we did it completely 100% legit. I’m as legit as it gets.”

“There were transactions with a [Ethereum] wallet super connected to Roobet, and it was like, ‘Why’s all this money coming in from this wallet to Banks, and then two seconds later he’s buying CryptoPunks’?”

He further went on to explain what actually was happening with his ETH wallet. “We all know how Coinbase works. It’s annoying, it takes a while. I start sending messages out saying ‘Yo, do you have X dollars in Ethereum that I could buy off you?’ So one of these guys came back, he sends me the Ethereum, I did it all through my finance people. And I wired this guy out like $200,000.”

Shaheer is passionate about living a life seeking un-ending knowledge, philomath, as you may think of him. He's a student of Finance and a keen observer of Business and Indian-Political scenario who takes pleasure to pen down his views and opinions on the same. As his guiding mantra to life, ‘Come what may , life goes on’ helps.

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