The U.S. Trustee explained that the motion would duplicate the efforts of the federally appointed independent examiner. FTX
About a week ago, lawyers representing FTX debtorswith the bankruptcy court to subpoena and question Sam Bankman-Fried’s inner circle and family members. The FTX attorneys stated they want to question SBF, his parents Joseph Bankman and Barbara Fried, his brother Gabriel Bankman-Fried, and four members of the FTX/Alameda executive teams. The legal team noted that several of these individuals were allegedly not cooperating with the bankruptcy process.
“To avoid duplication of effort, and to prevent unnecessary expenditures in the administration of these estates, the U.S. Trustee respectfully requests that if the court orders the appointment of an examiner, then the court establish the scope of the Rule 2004 relief contemporaneously with the scope of the examiner’s investigation,” the U.S. Trustee’s filing details.
Wherefore, the U.S. Trustee respectfully requests that the court determine the investigative scope of the motions contemporaneously with the scope of any examiner’s investigation, and grant any such other and further relief that the court deems just and proper. Vara believes the examiner is justified in this case, which involves a large amount of money, and three members of Congress have called for an independent examiner. Senators Elizabeth Warren , John Hickenlooper and Cynthia Lummis have urged Judge John Dorsey of the Bankruptcy Court of the District of Delaware to support appointing an independent examiner. The U.S. senators insisted that an “objective investigation of the activities that led to the collapse of FTX” is necessary.
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