“It takes a lifetime to build up a reputation as honorable people. It takes five minutes to destroy it, which they now have done,” Barbara Fried said of FTX debtors and prosecutors.
in Delaware bankruptcy court, seeking to claw back eye-watering funds Bankman-Fried’s parents received before the crypto exchange’s house of cards came crumbling down.
In addition, “Bankman and Fried also pushed for tens of millions of dollars in political and charitable contributions,” including a donation from FTX’s sister hedge fund, Alameda Research, to Stanford to the tune of $4 million, the latest filing said. The bombshell court filing also revealed that Fried urged her son to “avoid” disclosing millions of dollars in FTX donations to her pro-Democrat political action committee.
The lawsuit went on to paint Fried’s stewardship of Mind the Gap — which solicited money from Silicon Valley executives to support Democratic candidates — as one marked by “stealth” and a “cone of silence.”
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