Sam Bankman-Fried's parents want FTX lawsuit filed against them dismissed

Joseph Bankman and Barbara Fried claim that they did not enrich themselves at the expense of clients of the FTX exchange and Alameda Research.

Current FTX management has filed charges against Sam Bankman-Fried's parents, alleging they influenced their son to gain millions of dollars in illegal benefits. FTX claims: Joseph Bankman was one of the actual leaders of the exchange, helping his son manage the company and receiving funds from client accounts.

The FTX lawsuit alleges that Sam Bankman-Fried's parents bought a villa in the Bahamas for $18.9 million at the company's expense. And Sam Bankman-Fried gave his father a gift of $10 million to his mother through loans financed by Alameda Research.

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