Sam Bankman-Fried's father dragged his mother into FTX salary dispute in the US
Joseph Bankman, the father of former FTX CEO Sam Bankman-Fried (SBF), has turned the problem into a family one by complaining to his son about the salary he received while working for ftx us. thing.On September 18, in the Bankruptcy Court of the United States District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging that SBF's parents embezzled millions of dollars as a result of their participation in the exchange's operations. According to court documents, Bankman's contract with ftx US was supposed to give him an annual salary of $200,000 after he took a vacation at Stanford Law School in December of 2021.However, Bankman appeared to have shown ignorance of the terms of the contract, telling both FTX USA and his son that he expected an annual salary of $1 million. The Setaint claimed that Bankman talked to Barbara about this, suggesting that SBF's mother could convince her son to go for a salary change.SBF's father was not satisfied with his salary at FTX USA, so he sent an email to SBF asking him to add money, and then pulled a message from your mother asking him to transfer your father, and SBF put his mother in the email thread pic.twitter.com/jJaHFqpI7ZAccording pay paid for Bankman's influence, according to the complaint, and SBF then gave his family $10 million from Alameda, a $16.4 million property in the Bahamas financed by ftx Trading, the ability to pay about $90,000 to ftx Trading's expenses in the island state, and options to purchase shares of the company. Cointelegraph contacted the legal team representing Bankman and Fried's interests, but had not received a response by the time of publication.Sam Bankman-Fried says: I did what I thought was right in the leaked documents: The lawsuit report filed by the debtors was the last of the bankruptcy proceedings involving FTX and many of its subsidiaries, and was filed in November 2022. Marches October 2023 and March 2024, Bankman-Fried also pleaded guilty to 12 criminal charges, which were distributed over two trials that began in October 2023 and March 2024.August October Since a federal judge revoked his release on bail, Bankman-Fried has been largely incarcerated at the Metropolitan Detention Center in Brooklyn before the case against him was dropped in October. On September 19, a three-judge panel heard an appeal by SBF's legal team, citing lack of internet access and First Amendment concerns, requesting that the former ftx CEO be released from prison to prepare for trial.Magazine: Can you trust crypto exchanges after the collapse of FTX?