FTX legal team calls for the family of former CEO Sam Bankman-Fried to answer questions under oath in bankruptcy court. Will hidden assets tied to the crypto exchange be uncovered?
Lawyers representing FTX in bankruptcy court have reportedly argued that former CEO Sam Bankman-Fried’s immediate family should face questioning regarding their personal wealth.Judge John Dorsey in the District of Delaware allow them to question Joseph Bankman, Barbara Fried and Gabriel Bankman-Fried — the father, mother and brother of SBF, respectively — under oath about any financial benefits they may have received from the exchange.
In 2020, Bankman-Fried’s brother, Gabriel, helped found Guarding Against Pandemics, an advocacy group aimed at supporting legislation to prevent future pandemics like COVID-19. Some of SBF’s funds went directly to the group, which supported federal lawmakers, and he and his brother also personally contributed to certain campaigns.
It’s unclear whether questioning the family members, should Judge Dorsey approve issuing subpoenas, would result in “hidden” funds associated with FTX being discovered by investigators. Joseph Bankman has alreadyRelated:Sam Bankman-Fried faces eight criminal counts, including wire fraud and violations of campaign finance laws.
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