Former Hollywood Agent Michael Kives Took $700 Million From Sam Bankman-Fried for Investment Firm, Lawsuit Says
Super-networker and former Hollywood agent Michael Kives faces a lawsuit targeting the investment firm he founded, K5 Global. K5’s managing member Bryan Baum is also being targeted by the suit, in which FTX’s bankruptcy lawyers seek to recover $700 million in investments doled out to the aforementioned firm’s entities and associates.
The court filing, which TheWrap obtained Friday, says Sam Bankman-Fried, the founder of now-bankrupt cryptocurrency exchange FTX who was arrested for fraud, agreed to generously…