Sam Bankman-Fried’s Parents Sued by FTX, accused of Stealing $26.4 Million in Gifts and Property Crypto

Family of Fraudsters:

Bankrupt crypto exchange FTX is looking to claw back luxury property and "millions of dollars in fraudulently transferred and misappropriated funds" from the parents of Sam Bankman-Fried, the exchange's disgraced ex-CEO and founder. In a Monday court filing, lawyers representing the bankruptcy estate of the failed exchange alleged that Allan Joseph Bankman and his wife, Barbara Fried, "exploited their access and influence within the FTX enterprise to enrich themselves, directly and indirectly, by millions of dollars." The
lawsuit goes on to claim that Bankman and Fried discussed with their son the transfer of a $10 million cash gift and a $16.4 million luxury property in the Bahamas.

source

They say charity beginnings at home but in Sam Bankman Fried's family's case, fraud and crime beginnings at home, SBF and his family are now being tagged as a crime or fraud family of the crypto industry. FTX went bankrupt late last year and all their customers who invested in FTX native coin FTT or those that had their coins saved in the crypto exchange lost it all, not knowing that Sam Bankman Fried was a criminal and fraudster, SBF donated money to some politicians election campaign and promised to donate all his worth at that time to charity, but we did not know he was just getting people to believe in him and trust him while he was laundering money through his parents, right under his customers noises.

According to a news report, I read and as I have pointed out above, the parents of FTX ex-CEO and founder Sam Bankman-Fried received $10 million in stolen customer funds and $16.4 million worth of Luxury property in the Bahamas. I like the fact that the current FTX board is suing Sam Bankman Fried's parents, they should also try their best to recover all funds and assets possible, including the political bribes or donations SBF made as CEO. But since Sam Bankman Fried donated money to both political parties, his parents might probably be let free, on the claims that he gifted it to them, that it was not stolen.

Please Follow My New Twitter/X Account:
I just opened a new Twitter/X account because of Twitter's unfair permanent suspension of my old Twitter account. I would appreciate it if anyone reading this post could follow me on Twitter/X.

PLEASE FOLLOW ME ON:
Discord: onwugbenuvictor#3447
Twitter: @Crypto3xplorerrr

Posted Using LeoFinance Alpha