Pro-XRP advocate John Deaton is making headlines once again, this time calling for the indictment of Sam Bankman-Fried’s parents. Reports have surfaced that Joseph Bankman and Barbara Fried, the parents of the disgraced FTX co-founder, are lobbying for a pardon for their son from former President Donald Trump. Deaton insists that the Bankman-Fried parents took customer funds swindled from the crypto exchange, and should face legal consequences for their alleged involvement.
In a recent post on X, Deaton responded to news of Bankman-Fried’s parents seeking a pardon for their son, sarcastically stating, “Funny, because I’m seeking an indictment of them.” This bold stance by Deaton highlights the seriousness of the allegations against the Bankman-Fried family.
According to a Bloomberg report, the Bankman-Fried family is actively working to secure a presidential pardon for their son, who was sentenced to 25 years in prison for defrauding investors and customers through the now-collapsed crypto exchange FTX. Joseph and Barbara have reportedly been meeting with lawyers and influential figures close to Trump in an effort to secure clemency for their son.
Deaton argues that Sam Bankman-Fried’s parents knowingly benefited from the stolen FTX funds given to them by their son. Deaton alleges that the family used these funds to build luxury real estate in the Bahamas in their names. He questions why SBF’s parents have not faced criminal charges for their alleged involvement in the scheme.
As the Bankman-Fried family seeks political influences to win a presidential pardon for their son, comparisons are being drawn to Trump’s recent pardon of Silk Road co-founder Ross Ulbricht. Deaton points out that Ulbricht received a lesser sentence than Bankman-Fried, despite committing similar crimes. Public defenders believe Bankman-Fried’s case lacks the same level of public support that Ulbricht’s pardon received.
In light of these developments, it is clear that the legal battle surrounding Sam Bankman-Fried and his family is far from over. The allegations of fraud and corruption continue to cast a shadow over the once-prominent FTX co-founder, as Deaton and others push for accountability and justice in the crypto industry. Stay tuned for more updates on this developing story.