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Stanford University to Return Over $5 Million in Gifts From Bankrupt FTX Crypto Exchange
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CourtsFTX attorneys blame founder s parents - Insurance News
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The father of disgraced cryptocurrency kingpin Sam Bankman-Fried sat on the advisory board of the liberal dark money behemoth Arabella Advisors and likely had access to the group’s funds, a federal la.
Following a lawsuit that alleges Stanford University received millions of dollars in donations from FTX Trading, the school says it will return the funds of all gifts collected from the now-collapsed cryptocurrency exchange. The complaint against the parents of founder Sam Bankman-Fried claims that Allan Joseph Bankman, a Stanford law professor and expert in tax law, directed more than $5.5 million in charitable contributions from FTX to the university. A Stanford spokesperson said that university received gifts from the FTX Foundation and related companies for pandemic-related prevention and research. Stanford said it is now in discussions with attorneys for FTX debtors to recover the gifts and will be returning the funds in their entirety.
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