SBF's Parents Ask Court to Dismiss FTX Lawsuit Alleging Fraudulent Fund Transfers
Joseph Bankman and Barbara Fried, parents of FTX founder Sam Bankman-Fried, are seeking to have a lawsuit by the bankrupt crypto exchange dismissed. FTX alleges that funds were fraudulently transferred and seeks to recover millions of dollars. Bankman and Fried argue that Bankman did not have a fiduciary relationship with FTX and that FTX has not provided specific facts showing "actual knowledge" of any breach of fiduciary duty.
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SBF's Parents Ask Court to Dismiss FTX Lawsuit Alleging Fraudulent Fund Transfers
Joseph Bankman and Barbara Fried, parents of FTX founder Sam Bankman-Fried, are seeking to have a lawsuit by the bankrupt crypto exchange dismissed. FTX alleges that funds were fraudulently transferred and seeks to recover millions of dollars. Bankman and Fried argue that Bankman did not have a fiduciary relationship with FTX and that FTX has not provided specific facts showing "actual knowledge" of any breach of fiduciary duty.