FTX: A Family Business Fraud Involving Tens of Millions, Tax Law Advice, and a $14M Property Titled to His Parents with SBF Claiming IgnoranceFTX was a family business fraud . His mother received tens of millions through her PAC. His father advised on tax law, for “free”(& later for $1M). Even his sister was a “consultant”. Also, SBF effectively said he has no idea how a $14M “company” property was titled to his parents.
I recently read an article about FTX and the family business fraud that was uncovered. It’s unbelievable that FTX’s mother received tens of millions of dollars through her PAC, and his father was advising on tax law for free (and later for $1M). Even his sister was a “consultant”. It’s also concerning that SBF effectively … Read more