SBF’s mother and father got $16.4M home paid for solely by FTX, lawsuit says

Joseph Bankman, father of former FTX CEO Sam Bankman-Fried, walks out of a courthouse.

Enlarge / Joseph Bankman, father of former FTX CEO Sam Bankman-Fried, leaves after a bail listening to for his son at US District Courtroom on August 11, 2023 in New York Metropolis.

Barbara Fried, mother of former FTX CEO Sam Bankman-Fried.

Barbara Fried, mom of former FTX CEO Sam Bankman-Fried. (credit score: Getty Photos | Michael M. Santiago)

FTX yesterday sued Sam Bankman-Fried’s mother and father, alleging that Joseph Bankman and Barbara Fried “exploited their entry and affect throughout the FTX enterprise to complement themselves” on the expense of FTX clients.

FTX’s lawsuit in opposition to Bankman and Fried was filed in US Chapter Courtroom for the District of Delaware as a part of chapter proceedings involving FTX and Alameda Analysis. “Bankman and Fried siphoned hundreds of thousands of {dollars} out of the FTX Group for their very own private profit and their chosen pet causes. This motion seeks to carry them accountable for his or her misconduct and get better property for the Debtors’ collectors,” the lawsuit claimed.

The civil lawsuit was filed about two weeks earlier than Bankman-Fried’s prison trial, which is scheduled to start on October 3. 4 former FTX executives already pleaded responsible to prison fees.

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