FTX wants to ask Sam Bankman-Fried's parents and brother if they received any money from the crypto exchange
Court documents show FTX aims to question Sam Bankman-Fried's parents and brother about their personal wealth, per Bloomberg.
The family should provide financial documents about any money they may have received from the company, FTX lawyers said.
The bankruptcy judge still has to approve the request before FTX lawyers can move forward.
FTX wants to question Sam Bankman-Fried's family members about whether they received any funds from the bankrupt crypto exchange, court filings show, per Bloomberg.
As part of the company's mission to recover funds that could be used to pay back creditors, FTX lawyers said in the filing that Bankman-Fried's parents, Joseph Bankman and Barbara Fried, as well as brother Gabriel Bankman-Fried, should answer questions under oath and also provide financial documents about their personal wealth.
Before FTX can move forward with any questioning, US Bankruptcy Judge John Dorsey must approve the request.
Federal prosecutors have charged Sam Bankman-Fried, the founder of the FTX empire, with fraud amid allegations that FTX transferred billions of dollars in clients' funds to prop up his Alameda Research trading arm. He has pleaded not guilty.
Both of Bankman-Fried's parents have been involved with the company. Joseph Bankman, a Stanford law professor, reportedly gave tax advice to FTX staffers and helped recruit the company's lawyers.
Barbara Fried is said to have founded a political action committee that took money from FTX. Like her husband, she is also a law professor at Stanford.
In addition, Reuters reported in November that a $16.4 million house in the Bahamas listed Bankman-Fried's parents as signatories and was described in property records as a "vacation home." He later said it was actually meant to be company property.
As for Gabriel Bankman-Fried, he founded a nonprofit focused on pandemics that lobbied politicians, and a $3.28 million house in Washington DC that it bought last year has just been put on the market.
Meanwhile, Bankman-Fried remains under house arrest at his parents' home in Palo Alto, California, as he awaits trial.
Read the original article on Business Insider
