The parents of Sam Bankman-Fried are being sued by FTX investors.
Sam Bankman-Fried was arrested after crypto currency exchange FTX went bankrupt. The firm was involved in numerous activities in numerous countries.
We also know that US money was sent to Ukraine and that Ukraine had invested in FTX. Money did go to Ukraine from the US. Money was invested in FTX and SBF and FTX gave millions to the Democrat Party.
SBF was eventually indicted in the SDNY which showed that the fix was in. Nothing was going to happen to SBF.
When he was arrested he was bailed out by donors from Stanford University.
It became clear that SBF’s parents who are Stanford attorneys were involved in FTX. H
FTX Creditors Want SBX’s Stanford Attorney Parents Subpoenaed in Financial Recovery Efforts
The New York Post reports this morning noted that SBF’s attorneys are back in the news:
Bankrupt crypto exchange FTX sued its jailed founder Sam Bankman-Fried’s parents for “millions of dollars in fraudulently transferred and misappropriated funds.”
FTX’s debtors claimed in a lawsuit filed in Delaware bankruptcy court on Monday that Joseph Bankman and Barbara Fried — both longtime Stanford Law School professors — “exploited their access and influence within the FTX enterprise to enrich themselves, …and knowingly at the expense of debtors.”
Bankman and Fried received a $10 million cash gift from their son, who also gave them a $16.4 million luxury property in the Bahamas, where FTX was headquartered, the court filing said.
It was revealed in July — just before Bankman-Fried’s bail hearing where a federal judge ordered him to report to jail in August — that the disgraced FTX boss has since used the so-called “Bankman Gift Transfer” for $10 million “containing debtor assets” to pay for his expensive legal defense.
“Bankman and Fried also pushed for tens of millions of dollars in political and charitable contributions,” including a donation from FTX’s sister hedge fund, Alameda Research, to the tune of $4 million, “which were seemingly designed to boost Bankman and Fried’s professional and social status at the expense of the FTX Group,” the latest filing said.