{"id":440920,"date":"2023-09-20T12:11:39","date_gmt":"2023-09-20T12:11:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=440920"},"modified":"2023-09-20T18:14:02","modified_gmt":"2023-09-20T18:14:02","slug":"stanford-university-to-return-5-5-million-in-ftx-gifts-linked-to-sam-bankman-frieds-dad","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/stanford-university-to-return-5-5-million-in-ftx-gifts-linked-to-sam-bankman-frieds-dad","title":{"rendered":"Stanford University to Return $5.5 Million In FTX ‘Gifts’ Linked To Sam Bankman-Fried’s Dad"},"content":{"rendered":"
Stanford University said it will return $5.5 million in ”gifts” it received from crypto exchange FTX that were linked to the influence of founder Sam Bankman-Fried’s father.<\/p>\n
It’s decision comes after the FTX bankruptcy estate sued<\/a> Bankman-Fried’s parents – Joseph Bankman and Barbara Fried – to “recover millions of dollars in fraudulently transferred and misappropriated funds.”<\/p>\n “We have been in discussions with attorneys for the FTX debtors to recover these gifts, and we will be returning the funds in their entirety,” a spokesperson from Stanford University told<\/a> Bloomberg News.<\/p>\n FTX accused Joseph Bankman and Barbara Fried of using their influence at FTX to ”enrich themselves, directly and indirectly, by millions of dollars,” its lawyers said in a Sept. 18 court filing<\/a>. Both are both professors at Stanford Law School.<\/p>\n NEWS: Stanford University to return $5.5M in FTX donations, reportedly contributed by Joe Bankman, father of SBF.<\/p>\n 📰 https:\/\/t.co\/iJVTndtwvR<\/a> pic.twitter.com\/HpjbzbkpI5<\/a><\/p>\n — CoinGecko (@coingecko) September 20, 2023<\/a><\/p><\/blockquote>\n\n