Sam Bankman-Fried's parents' role in FTX under investigation

[Demovictory9]

Link to tweet

[tanyev]

1. Yeah, when I saw a couple headlines yesterday about them facing financial ruin over this

my initial thought was sympathy. But then as I read the articles I learned that they were both lawyers. Lawyers who taught at Stanford Law School. And the dad was a tax lawyer who did some work for the son's company. By the time I was done reading my thoughts were "Hmm...that sounds really suspicious."

[Demovictory9]

3. If patents didnt know, they should have

" son, how are you earning enough to gift us 16 million dollar home"?

[womanofthehills]

2. He gifted his parents property but he is clueless on the details

Once he was arrested, bitcoin and ETH are finally going up.


Sam Bankman-Fried says a multi-million-dollar house reportedly bought in his parents' name in the Bahamas was actually meant to be company property.

"I don't know the details of the house for my parents," Bankman-Fried told The New York Times' Andrew Ross Sorkin at the publication's DealBook summit on Wednesday. "I know it was not intended to be their long-term property. It was intended to be the company's property. I don't know how that was papered in."

Reuters reported last week that a $16.4 million house in a gated community with beach access in the Bahamas listed Bankman-Fried's parents, Joseph Bankman and Barbara Fried, as signatories and was described in property records as a "vacation home."

A spokesperson for his parents, both Stanford University law professors, previously told Reuters that they had been trying to return the deeds to the company "since before the bankruptcy proceedings."

https://www.businessinsider.com/sam-bankman-fried-ftx-bahamas-house-parents-name-for-staff-2022-12?op=1