> how involved the Stanford Law School professor parents of SBF were and still are.
My favorite SBF Dad anecdote is how his father was being paid $200k a year as a consultant for FTX but he wanted to be making $1million a year, so he CC'd SBF's mom when bringing it up.
> In the emails, per the lawsuit, Bankman told the company's US head of administration he was getting only $16,667 a month from the company when he was "supposed to be getting $1M/yr, starting in December," which "would be a bit more than $80,000 a month, gross."
> He then apparently took his complaints to his son, who cofounded the company and was its CEO, writing in an email: "Gee, Sam I don't know what to say here. This is the first [I] have heard of the 200K a year salary! Putting Barbara on this."
> FTX's lawyers then wrote: "In other words, Bankman lobbied his son to massively increase his own salary."
> "Bankman's influence paid off, not only for him but for Fried too," the lawyers continued.
> "Within two weeks, Bankman-Fried gifted Bankman and Fried together $10 million in funds originating from Alameda Ltd.
> "Within three months, Bankman-Fried caused the couple to be deeded a $16.4 million property in The Bahamas paid for with funds ultimately provided by FTX Trading. Bankman and Fried enjoyed the benefits of more than $90,000 in expenses, paid for by FTX Trading, for their Bahamas residence."
My favorite SBF Dad anecdote is how his father was being paid $200k a year as a consultant for FTX but he wanted to be making $1million a year, so he CC'd SBF's mom when bringing it up.
https://www.businessinsider.com/sam-bankman-frieds-ftx-1-mil...
> In the emails, per the lawsuit, Bankman told the company's US head of administration he was getting only $16,667 a month from the company when he was "supposed to be getting $1M/yr, starting in December," which "would be a bit more than $80,000 a month, gross."
> He then apparently took his complaints to his son, who cofounded the company and was its CEO, writing in an email: "Gee, Sam I don't know what to say here. This is the first [I] have heard of the 200K a year salary! Putting Barbara on this."
> FTX's lawyers then wrote: "In other words, Bankman lobbied his son to massively increase his own salary."
> "Bankman's influence paid off, not only for him but for Fried too," the lawyers continued.
> "Within two weeks, Bankman-Fried gifted Bankman and Fried together $10 million in funds originating from Alameda Ltd.
> "Within three months, Bankman-Fried caused the couple to be deeded a $16.4 million property in The Bahamas paid for with funds ultimately provided by FTX Trading. Bankman and Fried enjoyed the benefits of more than $90,000 in expenses, paid for by FTX Trading, for their Bahamas residence."
Give me a raise or I'll tell Mommy!