Joseph Bankman, the father of former FTX CEO Sam Bankman-Fried (SBF), complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter.
In a Sept. 18 filing in United States Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging SBF’s parents misappropriated millions of dollars through their involvement in the exchange’s business. According to court documents, Bankman’s contract with FTX US should have provided a $200,000 annual salary following a leave of absence from the Stanford Law School in December 2021.
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