John J. Ray III, the new CEO of FTX, recently told Members of Congress that Sam Bankman-Fried (SBF’s) family “certainly received payment” from the business.
The Statement of New FTX CEO on SBF’s Family
As per the multiple source reports, there is an accusation that states the parents of former FTX Co-Founder, SBF, are involved with the business operations of SBF. It must be noted that SBF’s parents, Joseph Bankman and Barbara Fried are Stanford professors. They teach law classes at Stanford University. And there are no charges available against them, till date.
SBF at the end of November, told the New York Times (NYT) that his parents “bore no responsibility” for his affairs. But, the present CEO of FTX recently said to the U.S. Congress that Joseph Bankman and “the family certainly received payments” from FTX.
The Saturday report from a media house detailed that “SBF will likely surrender to a U.S. extradition request, as it previously reported that SBF would fight extradition to the United States.” As per the reports SBF’s parents, who reportedly in The Bahamas are supporting their son. They may face scrutiny over how involved they were with FTX operations.
Although, speaking in front of the U.S. Congress about the FTX collapse, John J. Ray III, was asked about SBF’s parents and whether or not Joseph Bankman was an employee. “He received payments,” the new CEO and FTX restructuring chief stated. “The family certainly received payments.”
It can be seen that the statements of Mr. J. Ray III, in front of Congress, followed the report that said $121 Million in Bahamian real estate was associated with SBF’s parents and FTX. A specific home was a $16.4 Million house purchased in SBF’s parents’ name, however SBF already detailed “it was intended to be the company’s property. I don’t know how that was papered in.”
SBF’s parents’ spokesperson said “[The couple] never intended to and never believed they had any beneficial or economic ownership of the house.”
On Dec. 18, 2022, Sky News Australia, an Australian news channel, covered in its YouTube channel news that “The prosecutors of now bankrupt crypto-currency firm FTX are looking into the parents of former CEO Sam Bankman-Fried. It is alleged they are involved in the disappearance of the equivalent of $12 billion in customer funds.”
“Mr. Bankman-Fried is awaiting extradition to the US where he will face eight charges of fraud relating to the collapse of the crypto platform,” the news channel further added.
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Source: https://www.thecoinrepublic.com/2022/12/19/find-here-the-statement-of-new-ftx-ceo-about-sbfs-family/