September 19, 2023
Barbara Fried, mother of FTX founder Sam Bankman-Fried, pictured last year. On Monday, lawyers for collapsed cryptocurrency exchange FTX Trading filed a lawsuit accusing Allan Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, of exploiting their access to and influence over their son and the company he founded to enrich themselves by millions of dollars. (AP Photo/Yuki Iwamura, File)
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FTX attorneys accuse Sam Bankman-Fried's parents of unjustly enriching themselves with company funds
DOVER, Del. (AP) — Lawyers for FTX Trading have filed a lawsuit accusing the parents of its founder Sam Bankman-Fried of exploiting their influence over their son to siphon millions of dollars from the company, while spending lavishly on a luxury home in the Bahamas and funneling contributions to their "pet causes" and Stanford University.
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