Sam Bankman-Fried’s family not cooperating with the financial probe: FTX lawyers

FTX lawyers have said that some of Sam Bankman-Fried’s (SBF) immediate family aren’t cooperating with the probe into the collapsed crypto exchange FTX.

The lawyers are also seeking the cross-examination of SBF’s family members in court.

The lawyers want SBF’s brother, mother, and father subpoenaed alongside former company executives.

FTX’s new management seeks to find out what happened to allegedly misappropriated funds.

FTX wants to know who received potentially stolen funds from FTX, and what communications they had with its executives.

According to the lawyers, Sam Bankman-Fried’s mother, Barbara Fried, “has ignored the requests altogether."

The lawyers also alleged that FTX has not "received meaningful engagement or any response from [former chief engineer Nishad] Singh or Mr. Gabriel Bankman-Fried,” Sam’s brother.

FTX alleges that Gabriel Bankman-Fried’s lobbying organization, Guarding Against Pandemics, “purchased a multimillion-dollar property a few blocks from the United States Capital [sic], which the debtors believe was purchased using misappropriated customer funds.”

Fried’s mother’s political action committee, Mind the Gap, also allegedly received donations from Sam Bankman-Fried and other FTX staffers.

Leave a Reply

Your email address will not be published. Required fields are marked *