Joseph Bankman, father of former FTX CEO Sam Bankman-Fried, was involved in a family dispute over salary issues. FTX creditors filed a complaint in the Delaware District Bankruptcy Court on Sept. 18 accusing Bankman and SBF parent Barbara Fried of misusing millions of dollars in transactions on the FTX exchange. Bankman's employment contract with FTX US called for an annual salary of $200,000 upon his departure from Stanford Law School in December 2021. However, Bankman claimed both FTX US and his son had higher annual salary expectations of $1 million. This raised suspicions and hinted that Bankman's wife, Barbara Fried, may have influenced her sons to approve the salary change. The complaint alleges that Bankman's influence did indeed produce results, providing various financial benefits to SBF's parents. These benefits include a $10 million allocation from Alameda, $16.4 million in property in the Bahamas financed by FTX Trading, the ability to accrue approximately $90,000 in fees to FTX Trading in the Bahamas, and options to purchase company stock. There has been no response yet from the legal team representing Bankman and Fried against these allegations. This lawsuit is the latest development in ongoing bankruptcy proceedings involving FTX and several of its subsidiaries. This case was initiated in November 2022. Meanwhile, Sam Bankman-Fried faces 12 charges split into two trials in October 2023 and March 2024. Since a federal judge revoked his bail in August, Bankman-Fried has remained in the Metropolitan Detention Facility in Brooklyn while awaiting his trial in October. On September 19, a three-judge panel considered an appeal by SBF's lawyers. The lawyers requested that Bankman-Fried be released so that he could make adequate preparations for the trial. The request cited concerns such as limited internet access in current incarceration conditions and potential First Amendment issues.