FTX founder SBF was found guilty by a jury on seven counts. In this regard, lawyer and cryptocurrency supporter John E Deaton proposed that SBF’s father, Joseph Bankman, had participated in the misconduct that led to the collapse of FTX in November 2022, and was therefore also suspected of fraud.
Deaton said SBF's father was a co-conspirator and that these holding companies were not formed by SBF himself. The SBF father's demand for higher wages is not without reason. Previous lawsuit documents disclosed an email sent by SBF's father to SBF in January 2022, in which he stated that he was not satisfied with the $200,000 annual salary he received, and that it was only 20% of what he thought he should receive. (CoinGape)
According to Bloomberg reports in September this year, SBF’s father and Stanford University law professor Joe Bankman is closely involved in the operation of FTX. He is involved in many decisions of FTX, including tax issues, and provides marketing materials for FTX and FTT. In addition, SBF often consulted his father on legal issues, and a former FTX staff member said that when employees came up with any legal advice, SBF would say that he needed to call Joe first.