According to emails seen by the WSJ, Sam Bankman-Fried’s family allegedly funneled millions from FTX to political causes, raising significant legal questions.
The involvement of SBF’s family was thoroughly documented through emails detailing SBF’s father, Joe Bankman’s involvement in advising financial strategies related to political donations. SBF’s mother, Barbara Fried, and his brother, Gabriel Bankman-Fried, allegedly directed funds’ flow to various political entities and causes.
David Mason, former chairman of the Federal Election Commission, noted that Joe Bankman’s involvement could result in direct legal liabilities under campaign finance laws.
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: