The lawsuit alleges that Allan Joseph Bankman and Barbara Freed used their influence at FTX to enrich themselves with the knowledge that the exchange was bankrupt or near bankrupt.
The lawsuit alleges discussions regarding a $10 million cash gift and $16.4 million worth of luxury real estate in the Bahamas. The lawsuit also alleges that Sam’s father participated in the cover-up of a whistleblower complaint that could have exposed FTX’s financial problems.
The lawsuit includes emails in which Bankman complains about his $200,000 annual salary and asks his son to significantly increase his salary. Within weeks, Bankman-Fried gave his family $10 million, and a few months later they bought property in the Bahamas.
Source: Ferra
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