The company claims that the duo profited off of their son’s alleged fraud.
According to the court filing, Bankman-Fried’s parents, who are both professors at Stanford Law School, “exploited their access and influence within the FTX enterprise to enrich themselves.
Additionally, the filing states that Bankman-Fried helped his parents buy a $16 million property in the Bahamas with “unobstructed ocean views.” The lawsuit claims that thecame from an FTX bank account that contained customer funds. Plus, FTX gave more than $5.5 million to Stanford, the parents’ employer.
While the total outlined in the lawsuit reaches into the multimillions of dollars, FTX is asking the court to award damages of a value determined at trial, theRelated Stories
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