Re:FTX bankruptcy examiner's report [pdf]
by StressedDev on Thursday May 23, 2024 @07:52PM
(#40461317)
Really? Sam Bankman-Fried is a crook. None of the other family members have been convicted and I have seen no evidence that they knew SBF was a crook or any evidence they knew of FTX’s fraud. I have seen people who have lobbed baseless accusations again SBF’s parents. Lots of them. None can ever justify their demands for punishment. My own guess is his parents did not know he was committing fraud, and they have suffered because of his crimes. I do not see any reason to punish two people who were misled and lied to.
[ Parent
| on HN ]
>the Debtors allege that Joseph Bankman directed “donations of more than $5.5 million” to Stanford University in an attempt to “curry favor with and enrich his employer at the FTX Group’s expense.”
What? They were heavily involved in the whole thing, including helping themselves to FTX funds. It's almost impossible that they were unaware of the shady behaviour of SBF, even if they may not have been aware of the full extent to which he was screwing up.