For “SBF Trial,” read Sam, Bankman and Fried. As prosecutors attempt to claw back “misappropriated funds” from FTX, they say SBF’s parents, Joseph Bankman and Barbara Fried, played a key role in siphoning off assets and directing operations.
of misappropriating millions in company assets and playing a key role in alleged misdoings at the fallen cryptocurrency empire.“[Bankman and Fried] were very much involved — from the founding of the FTX Group until its collapse.”
SBF has said his parents “weren’t involved in any of the relevant parts” of the business, but prosecutors say “they were very much involved — from the founding of the FTX Group until its collapse.” You have to hand it to the SBF’s prosecutors. They know how to frame an anecdote and raise a telling detail.
He then emailed his son: “Gee, Sam I don’t know what to say here. This is the first [I] have heard of the 200K a year salary! Putting Barbara on this.” SBF was caught between his parents, double-teamed.Bankman was said to be an adult, but he was not above lobbying for access to FTX’s star network. He just had to be involved in FTX’s 2022 Super Bowl commercial if Larry David was onboard.
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