'This is a dangerous attempt to intimidate Joe and Barbara,' the legal counsel claim, 'before their child’s trial begins.'
in an attempt to recover millions of dollars. FTX claims that Bankman and Fried"exploited their access and influence within the FTX enterprise to enrich themselves, directly and indirectly, by millions of dollars," according to a court filing.
The filing claims Bankman lobbied his son to increase his salary from $200,000 a year to $1 million a year, invoking his mother to push this forward. The couple received a $16.4 million property in the Bahamas, paid using funds from FTX, the filing adds — as well as donations to Stanford, an appearance in a Super Bowl commercial and a Persian rug that cost more than $2,500.
Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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