Soon after, Mr. Bankman-Fried sent him the $10 million gift, the lawsuit said. Mr. Bankman also flew on private jets and expensed $1,200 per night hotel stays to FTX, according to the lawsuit, and he made a cameo appearance alongside the comedian Larry David in an FTX commercial during the 2022 Super Bowl.
Mr. Bankman pushed for his role in the commercial, the lawsuit said, quoting him as saying that he wasn’t obsessed with celebrities and didn’t “really care about meeting, say, Tom Brady. But Larry David….”
The lawsuit also claims that Mr. Bankman helped cover up allegations by a former FTX lawyer that some of Mr. Bankman-Fried’s businesses had engaged in money laundering and price manipulation. Rather than look into those claims, the lawsuit said, Mr. Bankman suggested investigating the lawyer.
Ms. Fried never worked for FTX, but she was also intimately involved in her son’s work, the lawsuit said. According to the complaint, she advised him on political donations, encouraging him and other executives to make “straw donations” that concealed that the money was coming from FTX, a strategy designed to “avoid (if not violate) federal campaign finance disclosure rules.”
In an August 2022 email to Mr. Bankman-Fried, cited in the suit, she brought up another donor who would “only give in a non-disclosed form” and said she “would strongly urge you to do the same — or substitute someone else’s name.”