SBF pays his legal fees with Alameda's money: report
SBF pays his legal fees with Alameda's money: report
The former FTX CEO Sam Bankman-Fried (SBF), who is buried under a mountain of charges by the Ministry of Justice, reports on his attorney's fees, which he has given his father and which was originally borrowed from his retail company Alameda Research.
The millions of disclosure comes after Bankman-Fried claimed at the end of November that he only had $ 100,000 in his bank account.
Right -wing defense funds of the SBF
in a report published on Tuesday to have received information from which SBF Joseph Bankman, his father and right professor in Stanford, in 2021 Made money gifts.
The funds came from a loan of at least $ 10 million from Alameda and Bankman was essentially tax-free, with his lifelong discount and the gift tax exemption used. Sources claim that this was almost the maximum amount that someone could give in his life, which would have been $ 11.7 million this year.
Bankman-Fried is represented by Christian Everdell and Mark Cohen, both part of the defense team of Jeffrey Epstein employee Ghislaine Maxwell. Forbes also reported that he is advised by David W. Mills - a close family friend of the Bankmans.
The Bankmans also got help from other professors and Stanford friends when they secured the $ 250 million deposit. The faculty members - Larry Kramer and Andreas Paepcke - signed together signed guarantee declarations of $ 500,000 or $ 200,000, so that SBF can stay with his parents instead of staying in prison.
where did the money have been?
in one of his first public interviews since the collapse of FTX, Bankman-Fried called he had only $ 100,000 in his bank account, and his assets of several billion dollars was evaporated within a few days at the beginning of the month.
Many of his customers lost their life savings of several million dollars within the no longer existing stock exchange, which was widely accused of miserable for trading at Alameda.
Bankman-Fried now faces a 13-member indictment of the Ministry of Justice, which accuses a number of financial crimes, including transfer fraud, bank fraud, fraud, fraud, fraud, violations of the campaign financing and .
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