FTX lawyers want to know who received potentially stolen funds from FTX_official, and what communications they had with its executives. But, they allege, some potential witnesses aren't playing ball despite requests to cooperate voluntarily.
The FTX founder’s brother, mother and father were his “advisors,” and should be subpoenaed alongside former company executives as the company’s new management seeks to find out what happened to allegedly misappropriated funds, the filing said.
FTX wants to know who received potentially stolen funds from FTX, and what communications they had with its executives – but alleges that some potential witnesses aren't playing ball despite requests to cooperate voluntarily. Discussions with lawyers for Sam Bankman-Fried's father, Joseph Bankman, are"ongoing" and were expected to lead to a consensual outcome, the filing said.
Fried’s political action committee, Mind the Gap, also allegedly received donations from Sam Bankman-Fried and other FTX staffers, and both parents “resided in a $16.4 million [Bahamas] house titled in their names, despite understanding that the house was ‘intended to be the company’s property’,” the filing said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX legal team calls for Sam Bankman-Fried’s family to answer questions under oath: ReportFTX legal team calls for the family of former CEO Sam Bankman-Fried to answer questions under oath in bankruptcy court. Will hidden assets tied to the crypto exchange be uncovered?
Read more »
FTX seeks permission to subpoena Sam Bankman-Fried, family and insidersFTX asked a judge for permission to subpoena Sam Bankman-Fried, his family and other FTX insiders in a new court filing.
Read more »
FTX opposes new bankruptcy investigation as it probes Bankman-Fried connectionsFTX has objected to a U.S. Department of Justice request for an independent investigation into the once-prominent crypto exchange's collapse, saying it is already conducting a wide-ranging probe that includes family members of FTX founder Sam Bankman-Fried. FTX said in a court filing in Wilmington, Delaware, late on Wednesday that the DOJ's proposed review would only add cost and delay to its bankruptcy case. FTX acknowledged 'fraud, dishonesty, incompetence, misconduct, mismanagement, and irregularity' in its past conduct, but said that its previous wrongdoing is already being probed by the company's new management, its creditors and law enforcement agencies.
Read more »
FTX Chasing Bankman-Fried Family for Answers Over Wealth: ReportLawyers for the bankrupt FTX exchange are seeking answers from the family of alleged crypto fraudster Sam Bankman-Fried.
Read more »
Report: Beto O'Rourke Kept $100k in Sam Bankman-Fried DonationsFailed Texas gubernatorial candidate Beto O’Rourke has claimed that he returned a $1 million donation from disgraced former FTX CEO Sam Bankman-Fried; however, it appears that he did not return all of the money, according to a report.
Read more »
Sam Bankman-Fried’s dog can attack on command using ‘secret word’: reportThe Bankman-Frieds recently purchased Sandor, a dog who is described as “welcoming, but trained to attack with the utterance of a secret word.”
Read more »