The parents of disgraced cryptocurrency entrepreneur Sam Bankman-Fried have been accused of siphoning off millions of dollars in “misappropriated funds” from FTX.
Claims against Joseph Bankman and Barbara Fried have been made in a lawsuit by administrators of FTX, as the crypto company seeks to claw back cash that they allegedly received prior to its collapse.
FTX has alleged the pair “exploited their access and influence” at the business to “enrich themselves”, as they benefitted from perks such as luxury hotel stays and the use of private jets.
They are demanding that Mr Bankman, a law professor at Stanford University, return a sum of $18.9m (£15.2m) allegedly used to pay for a beach house in the Bahamas.
Aren’t they supposed to be deeply caring lefty lawyer types?