Posted 1/18/2024, 4:33:59 PM
Bankman-Fried's Parents Face Lawsuit Seeking to Claw Back Millions in Gifts and Property From Collapsed FTX
- After receiving millions in gifts from son Sam Bankman-Fried, his parents now face lawsuit trying to claw back FTX money
- Suit alleges parents got $10M cash, $16.4M Bahamas property, plus $5.5M FTX donation to Stanford
- Parents claim in filing they weren't involved with FTX, didn't have executive roles or influence
- Elder Bankman admits advising son on $10M gift's tax implications but denies other involvement
- Parents now trying to get suit dismissed, but messy post-collapse FTX affairs continue