The family of FTX founder Sam Bankman-Fried is demanding that the lawsuit filed against them for their alleged involvement in fraudulent transactions be dismissed.
According to the claims of the lawyers of Joseph Bankman and Barbara Fried FTX and Alameda Researchis trying to “take advantage of the fact that the defendants’ son is the founder and manager of the organizations belonging to the Debtor party.”
According to the defense, Sam Bankman-Fried’s family contacted these organizations, but they also did not manage in any way.
FTX filed a lawsuit against Bankman-Fried’s family in September 2023, alleging their involvement in fraudulent transactions and other irregularities.
In the lawsuit filed, “Bankman and Fried, as Bankman-Fried’s parents, exerted their influence within FTX directly or indirectly. millions of dollars “He used it to get it.” It was said.
Defendant alleges that Bankman took Alameda to a “family business” While claiming to have launched it as, Bankman and Fried duo claimed that Bankman familial relationships make him a part of Alameda or FTX US. He argues that he is not the de facto manager.
The lawsuit also alleged that Bankman and Fried advance their own careers and social status including Stanford University on behalf of FTX to donate tens of millions of dollars to various institutions It was claimed that he was working.
The family’s lawyers said Bankman and Fried were responsible for these donations. “an undefined benefit” does not provide, therefore these claims It has no legal significance argues.