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Sam Bankman-Fried’s parents and brother may have some questions to answer from FTX’s lawyers.
Crypto exchange goes bankrupt Lawyers for FTX have reportedly expressed a desire to question members of Sam Bankman-Fried’s family.
According to Bloomberg report distributed on January 26, FTX attorneys asked Judge John Dorsey in the District of Delaware to allow them to question Bankman-Fried’s mother, father, and brother.
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FTX’s lawyers reportedly want members of the SBF family, father Joseph Bankman, mother Barbara Fried, and brother Gabriel Bankman-Fried, to answer their questions under oath. In particular, lawyers hoping to get some information on whether the SBF family is receiving money for FTX.
Plus, lawyers want to get financial documents about the personal wealth of his family members. It should be noted that lawyers don’t cross out the possibility of questioning other executive family members in an attempt to trace FTX-related funds.
It is believed that Bankman-Fried’s father, a law professor at Stanford Law School, was advising crypto exchange employees on various tax related matters. Moreover, the man is reported to have made some recommendations about who to hire for the company’s legal team.
It should be noted that Bankman-Fried’s parents, professors at Stanford Law School, played a key role in securing SBF’s $250 million bailout with equity to their California home.
Besides that, SBF’s older brother, Gabriel, is the co-founder of Guarding Against Pandemicsa group of “scientific and political experts committed to promoting technological innovation to prevent future pandemics”. It is believed that Sam Bankman-Fried personally contributed to several campaigns organized by Guarding Against Pandemics.
The co-founder and former CEO of FTX is currently out on bail awaiting trials, which will begin in October. The mastermind behind FTX faces eight criminal charges, including wire fraud, securities fraud, and violations of campaign finance laws.
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