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Former FTX chief govt officer Sam Bankman-Fried, also referred to as SBF, is reportedly funding the authorized crew defending him towards federal prices with tens of millions of {dollars} he gifted his father from Alameda Analysis.
In line with a March 29 Forbes report citing sources with “operational information” of FTX and Alameda, in 2021 Bankman-Fried gave his father not less than $10 million that was funded by a mortgage from Alameda. The previous FTX CEO despatched the funds to his father, Joseph Bankman — a Stanford Regulation professor who has stopped educating courses amid his son’s authorized troubles — as a part of a lifetime property and reward tax exemption.
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