Lawyers representing the insolvent FTX exchange request information from Sam Bankman-purported Fried’s family.
According to a court document, FTX requested permission to question the family about their riches and personal assets while they were under oath.
As the corporation continues to look for hidden assets to pay creditors, Sam Bankman-closest Fried’s family members and a few company officials are still in the limelight, according to Bloomberg on January 26.
To recoup as much of the missing billions owing to creditors and customers as possible, FTX advisers and legislators have adopted an aggressive strategy.
Joseph Bankman and Barbara Fried, the parents of SBF, are among the people the troubled company wants to interrogate.
Parents Wanted for FTX
Joseph Bankman, a law professor at Stanford Law School, advised FTX staff members regarding taxes, assisted in hiring the company’s initial attorneys, and claimed the document.
Additionally, Barbara Fried, his mother, had some involvement in the multi-billion dollar business, though specifics were not disclosed.
According to the filing, the brother, Gabriel Bankman-Fried, established a business to lobby members of the U.S. Congress from a lavish residence close to the U.S. Capitol.
Most of the millions spent on political donations from SBF and FTX went to the Democrats. According to Open Secrets, SBF was the seventh political contribution for the 2022 cycle. He contributed $40 million to federal parties, candidates, and political action organizations.
Before FTX attorneys can subpoena Bankman-family, Fried’s John Dorsey, the bankruptcy judge overseeing the case, must grant the request. If they were successful, they would have to submit to questioning and hand over paperwork to the judge.