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Tag: parents

SBF’s parents sued by FTX for millions in ‘misappropriated funds’

Bankrupt crypto exchange FTX is looking to claw back luxury property and "millions of dollars in fraudulently transferred and misappropriated funds" from the parents of Sam Bankman-Fried, the exchange's disgraced ex-CEO and founder.In a Monday court filing, lawyers representing the bankruptcy estate of...

Should Kids Financially Support Their Parents When They Retire?

Modern Western society has expectations when it comes to retirement. Ideally, couples of retirement age should have a large enough nest egg to support them in their twilight years, meaning they have a well-balanced portfolio suited to...