FTX lawyers try to ask the family and the inner circle of Bankman-Fried for financial insights-
FTX lawyers try to ask the family and the inner circle of Bankman-Fried for financial insights-
According to court documents in the FTX insolvency case, the lawyers of the company try to invite the FTX co-founder Sam Bankman-Fried, his brother Gabriel Bankman-Fried and his parents, Joseph Bankman and Barbara Fried. In addition, the lawyers intend to question some of the most important representatives of Bankman-Fried, including the FTX co-founder Gary Wang, the former CEO of Alameda Research, Caroline Ellison, the former Chief Operating Officer Constance Wang and the former technical director of the Börse, Nishad Singh.
Lawyers for FTX Trading Ltd. and the bankruptcy case ’s official creditor committee submitted an application that aims at questioning Sam Bankman-Fried (Sbf) of the former CEO. The lawyers claim that certain insiders that are connected to Bankman-Fried's shops could provide urgently needed insights into financial matters. "Certain insiders are currently cooperating with the debtors to provide important information. But others are not, and therefore the approval of issuing lectures to those with the lack of information is crucial for the efforts of the debtors and the Committee," says the joint application. The current Ftx-CEO John J. Ray III, told Congress that Joseph Bankman and "The family certainly received payments" from FTX. Bankman and Barbara Fried were not charged with misconduct, but the recently submitted legal proceedings claim that they were both connected to the company. The file claims that Fried's political action committee (PAC) has received Mind the GAP funds from FTX. Barbara Fried "completely ignored the inquiries," says the joint application. Bankman supposedly advised employees on tax issues and was involved in the connection of FTX with the company's first process firm, according to the court files. "The insiders are best positioned to support the case," keep FTX lawyers on the recent submission. The document notes that lawyers Gabriel Bankman-Fried, the brother of SBF, want to ask. The file speaks about the brother of Bankman-Fried Protection against pandemics. It mentions the alleged political Lobbywork This was reportedly found near the US capitol on a "multimillion dollar property", of which "the debtors believe that it was bought with misappropriated customer money". In addition to Bankman-Frieds Bruder and Parents, Konstanz wang , Caroline Ellison Gary Wang and nishad singh are mentioned in the application. The judge of the US bankruptcy court for Delaware district, John Dorsey, must take up the application for SBF and the members of his closer circle. Bankman-Fried was accused by a federal grand jury in Manhattan and is the indictment of "conspiracy for inspection of transfer fraud, transfer fraud, the commission of goods fraud, conspiracy for inspection of securities fraud, conspiracy for inspection of money laundering and conspiracy for the cheating of the Federal Election Commission and the inspection of a campaign Financial violations. " Sbf currently awaits that Process on the fees planned for October 3, 2023. "The debtors have not received a meaningful commitment nor an answer from Singh or Mr. Gabriel Bankman-Fried," added the FTX lawyers in the file. What do you think will the result of this judicial request be? Share your thoughts in the comments below. Bedy verification : Shutterstock, Pixabay, WikiCommons FTX lawyers urge the co-founder, the employee, the parents and the brother
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