Former CEO of FTX Sam Bankman Friedoften known as SBF, reportedly funds the authorized workforce defending him towards federal costs with tens of millions of {dollars} he gifted his father from Alameda Analysis.
In keeping with a March 29 Forbes report citing sources with “working information” of FTX and Alameda, in 2021 Bankman-Fried gave his father at the very least $10 million funded by a mortgage from Alameda. The previous FTX CEO despatched the funds to his father, Joseph Bankman – a Stanford legislation professor who stopped instructing amid her son’s authorized troubles – below a lifetime property and reward tax exemption.
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