How Involved Were Sam Bankman Fried's Parents in FTX Collapse
A new lawsuit filed against SBF's parents demands an explanation for more than $26 million in cash and luxurious properties that they "fraudulently transferred and misappropriated," as well as the fact that they both acted as middlemen between SBF and the investors, employees, and politicians. Even their employer at Stanford University, received over $5.5 million in gifts from the FTX Foundation and FTX-related companies channeled mainly by Bankman and Fried.
The lawsuit claims that Mr. Bankman helped arrange hundreds of millions of dollars in loans to top employees and was listed on an internal document as a member of the firm’s management team. In messages stated in the lawsuit, Mr. Bankman complained that he was receiving a salary of only $200,000 a year, as opposed to the $1 million he thought he would get
The lawsuit claimed that even though Ms. Fried never worked for FTX, she was actively involved in her son's career. She encouraged him and other executives to make "straw donations" that covered up the fact that the funds came from FTX, as claimed in the complaint, in order to "avoid federal campaign finance disclosure rules."
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
-
1:30:24
Tucker Carlson
2 hours agoCatherine Herridge: Being Fired From CBS, the Trump v. Biden Debate, and Hunter’s Laptop
59.2K58 -
1:47:11
Dr. Drew
1 day agoCalling Out w/ Susan Pinsky: Annie Lederman (Joe Rogan Experience) & Celeb Psychic Rebecca Fearing
26.7K -
11:05
America Uncovered
2 hours agoI Fear What's Coming
5.33K6 -
LIVE
Quite Frankly
7 hours ago"The REAL Project 2025" 7/11/24
1,467 watching -
1:20:27
Redacted News
5 hours agoBREAKING! Putin Issues Threat as NATO goes Nuclear, Project 2025, Biden 'Big Boy' Day | Redacted
81.8K259 -
43:54
Kimberly Guilfoyle
7 hours agoAnother Day of Dem Disarray, Plus Government Gangsters the Movie, Live with Kash Patel & Danielle Alvarez | Ep. 141
34.6K31 -
40:32
Battleground with Sean Parnell
6 hours agoObama Shanks Biden
31.7K11 -
1:47:11
Barstool Gametime
9 hours agoBarstool Employees Compete For A Trip To The Finals In TopSpin 2K25
34.9K1 -
1:04:02
In The Litter Box w/ Jewels & Catturd
1 day agoSAVE Act Heads To Senate | In the Litter Box w/ Jewels & Catturd 7/11/2024 - Ep. 602
59.8K26 -
1:13:27
Dr. Drew
9 hours agoHope For Gen-Z: Headmaster Mike Fairclough Resigned In Protest Of Lockdowns & mRNA Vaccines For Kids; 18yo Brilyn Hollyhand Fights To Restore Freedom With New Book – Ask Dr. Drew
46.2K8