The Blubber

SBF's father was unhappy with his salary at FTX US. He wanted FTX to pay him $1 million a year (not $200,000), so he got SBF’s mom involved. He literally said: "Gee, Sam I don’t know what to say here … Putting [your mom] on this.”

In February 2022, Bankman and Fried were deeded "a $16.4 million luxury residence in The Bahamas," a 30,000-square-foot property referred to as "Blue Water," the lawsuit said.

"The total cash payment for Blue Water amounted to $18,914,327.82, inclusive of all costs, taxes, and fees. Neither Bankman nor Fried contributed any money of their own towards the purchase of Blue Water," the lawsuit said. The property was allegedly "paid for with funds ultimately provided by FTX Trading," while "Bankman and Fried enjoyed the benefits of more than $90,000 in expenses, paid for by FTX Trading, for their Bahamas residence."

Bankman additionally received a $10 million gift of Alameda funds, FTX said. Nearly $6.8 million of that was transferred to the couple's joint bank accounts, FTX said. "Bankman’s command of tax law and unique understanding of the FTX Group’s muddled corporate structure allowed him to facilitate the transfer of a cash gift totaling $10 million to himself and Fried consisting of Alameda Ltd. funds," the lawsuit said.