Important news emerged from the SEC over the weekend regarding the failure of crypto exchange FTX.
The issue specifically concerns the role of Sam Bankman-Fried’s parents in the management of the exchange, and was taken up by former SEC official John Reed Stark.
Crypto news FTX: allegations against SBF’s parents and the SEC
In a tweet published Saturday, Reed Stark makes heavy accusations against Sam Bankman-Fried’s parents.
SBF’s Mom and Dad: Criminal Beneficiaries, Profiteers, Conspirators and Enablers
I served for almost 20 years as an attorney in the SEC Division of Enforcement (including 11 years as Chief of the SEC’s Office of Internet Enforcement) and led dozens of SEC prosecutions with… pic.twitter.com/pElbR2wUeX
— John Reed Stark (@JohnReedStark) September 23, 2023
He called them criminal beneficiaries of their son’s failed management of the exchange, but also profiteers, conspirators and facilitators (i.e., accomplices).
It should be noted that John R
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