— both longtime Stanford Law School professors — “exploited their access and influence within the FTX enterprise to enrich themselves, …and knowingly at the expense of debtors.”
“Bankman and Fried also pushed for tens of millions of dollars in political and charitable contributions,” including a donation from FTX’s sister hedge fund, Alameda Research, to the tune of $4 million, “which were seemingly designed to boost Bankman and Fried’s professional and social status at the expense of the FTX Group,” the latest filing said.
The transaction took place from February to March 2022, at which time two wire transfers were initiated from FTX’s digital markets account.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX sues Sam Bankman-Fried’s parents to recover millions of dollarsJoseph Bankman and Barbara Fried allegedly 'exploited their access and influence' within FTX, a court filing showed.
Source: TheBlock__ - 🏆 464. / 53 Read more »
FTX Sues Sam Bankman-Fried’s Parents to Recover ‘Misappropriated Funds’FTX has sued founder Sam Bankman-Fried’s parents to recover millions of dollars in “fraudulently transferred and misappropriated funds,” the company said in a court filing late Monday. The company, operated in bankruptcy by new management, alleged that Joseph Bankman and Barbara Fried, both Stanfor
Source: WSJ - 🏆 98. / 63 Read more »
Sam Bankman-Fried to argue for release from NY jail two weeks before trialLawyers for Sam Bankman-Fried on Tuesday are set to urge a U.S. appeals court to free him from a Brooklyn jail as the former cryptocurrency billionaire races to prepare for his Oct. 3 trial on federal fraud changes.
Source: Reuters - 🏆 2. / 97 Read more »
Sam Bankman-Fried is getting ADHD medication in Brooklyn jail, filing showsThe feds have asked a judge to block Bankman-Fried’s legal team from asking potential jurors about ADHD.
Source: nypost - 🏆 91. / 67 Read more »