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Fortune
Fortune
Ben Weiss

Sam Bankman-Fried’s father wanted to keep $5.5 million donated to Stanford from FTX under the radar: ‘Seems too close to home’

Joseph Bankman, father of former FTX CEO Sam Bankman-Fried (Credit: Michael M. Santiago—Getty Images)

Sam Bankman-Fried, the disgraced founder of the bankrupt crypto exchange FTX, once asserted in an interview that his parents “weren’t involved in any of the relevant parts” of the business.

In a lawsuit filed on Monday, the FTX estate claims otherwise, and pointed to, among other pieces of evidence, the role Bankman-Fried’s father had in allegedly directing at least $5.5 million to Stanford University, where both Allan Joseph Bankman and Barbara Fried are professors.

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