The younger brother of Sam Bankman-Fried (ergo SBF), Gabriel, seems to want to follow in his brother’s footsteps. According to reports, he created an organization through which he works alongside members of the US Congress.
Almost every day new compromising details regarding Sam Bankman-Fried and the bankrupt FTX come to light. The other day, for example, a case file highlighted that the crypto exchange also owes money to companies such as Apple, Binance or Netflix. Previously, crypto platform BlockFi inadvertently revealed that $1.2 billion of its assets were linked to FTX.
In view of all this, SBF’s parents and brother also came under scrutiny. Speaking of which, the lawyers dealing with the case want to get the family members and close relatives to be questioned and to present documents related to their personal assets. In addition, they were ordered to hand over documents that might reveal possible money transfers from the crypto exchange.
The document in question also revealed that Gabriel Bankman-Fried is the founder of the organization, which lobbies for members of the US Congress. Its headquarters are said to be a property near the United States Capitol.
It is an open secret that FTX seriously reached into its pockets to finance the election campaigns of already elected officials. SBF was extremely generous, especially among Democrats. According to recent reports, he has made around $40 million available to them in 2022. In addition, he also contributed $300,000 to the Democratic members of the Financial Services Committee. Robert Francis “Beto” O’Rourke also benefited from his generosity, as he received a $1 million grant.
FTX is currently working hard to generate money for its creditors. Sam Bankman-Fried’s family members and colleagues will soon undergo questioning – if they wish to cooperate with the authorities. Rumor has it that SBF’s parents, Joseph and Barbara, have serious ties to FTX, so their complicity may even be revealed.
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