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Bankman-Fried’s parents scrutinized over court antics as FTX confirms they ‘received payments’
NY Post ^ | December 14, 2022 | By Thomas Barrabi

Posted on 12/14/2022 11:55:19 AM PST by Oldeconomybuyer

The actions of disgraced FTX founder Sam Bankman-Fried’s law professor parents are under heavy scrutiny this week following the former billionaire’s arrest on an array of federal charges.

Joseph Bankman and Barbara Fried, both professors at Stanford University, raised eyebrows on Tuesday with their behavior at their son’s extradition hearing in the Bahamas.

During his testimony before the House Financial Services Committee, Ray confirmed that Bankman had given “legal advice” to his son at FTX and received cash payments from the company.

“I don’t know if he actually had ‘employee’ status, but he certainly received payments, the family did receive payments,” Ray said.

Bankman, who helped craft Massachusetts Sen. Elizabeth Warren’s failed legislation to simplify the tax code in 2016, regularly accompanied his son to meetings on Capitol Hill during FTX’s rise to prominence in the cryptocurrency sector. He also played an active role in guiding the company’s philanthropic efforts and even introduced his son to an influential investor, Orlando Bravo.

While Fried was not a paid employee of FTX, she was closely tied to her son’s donations of tens of millions of dollars to Democrats ahead of the 2022 midterm elections. The ex-billionaire contributed to a political advocacy network that Fried oversaw.

The parents’ involvement with FTX has also impacted their standing at Stanford, where they have become a “subject of gossip” among colleagues, according to the New York Times.

“I had a friend who said, ‘You don’t want to be seen with them,’” Larry Kramer, a former dean at Stanford’s law school and a family friend, told the outlet. “I don’t see how this doesn’t bankrupt them.”

Bankman and Fried “have told friends that their son’s legal bills will likely wipe them out financially,” the Wall Street Journal reported earlier this week.

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: crypto; election2020; election2022; ftx
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1 posted on 12/14/2022 11:55:20 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer

Lock’em up


2 posted on 12/14/2022 11:58:28 AM PST by goodnesswins (The Chinese are teaching calculus to their 3rd graders while ours are trying to pick a pronoun.)
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To: Oldeconomybuyer

Just like Hunter Biden


3 posted on 12/14/2022 12:01:53 PM PST by NWFree (Somebody has to say it 🤪)
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To: Oldeconomybuyer

The kids been fed amphetamines and anti-depressants since elementary school. Enjoy your handi-work mom and dad.


4 posted on 12/14/2022 12:02:39 PM PST by blackdog (The head, hands, and heart, serve even further than the purse. )
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To: Oldeconomybuyer

Maybe the whole family can share a cell.


5 posted on 12/14/2022 12:03:31 PM PST by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: Oldeconomybuyer

Money 💰


6 posted on 12/14/2022 12:03:44 PM PST by JonPreston
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To: NWFree

A Hunter Biden posing as a MENSA savant. The kid was really just a speed freak with academia as his references.


7 posted on 12/14/2022 12:05:26 PM PST by blackdog (The head, hands, and heart, serve even further than the purse. )
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To: Oldeconomybuyer

Stanford must have a PhD level grifter Degree program.

So many grifters seem yo come out of them.

.


8 posted on 12/14/2022 12:12:22 PM PST by cuz1961 (USCGR Veteran )
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To: Oldeconomybuyer

The American Ruling Class: thoroughly corrupt, and evil.


9 posted on 12/14/2022 12:14:30 PM PST by TTFlyer (Lenin: that by the infliction of terror, a well-organized minority can conquer a nation.)
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To: Oldeconomybuyer

Sounds to me that they have their own legal bills to worry about.


10 posted on 12/14/2022 12:15:51 PM PST by LizzieD
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To: Sicon

The next best thing to seeing them in prison is seeing the completly broke and total outcasts at stanford.


11 posted on 12/14/2022 12:17:41 PM PST by hillarys cankles
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To: Oldeconomybuyer

A quick question for them all. Was it worth it?


12 posted on 12/14/2022 12:20:29 PM PST by tflabo (Truth or tyranny )
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To: Oldeconomybuyer

Too bad, not sad.


13 posted on 12/14/2022 12:35:26 PM PST by leaning conservative (snow coming, school cancelled, yayyyyyyyyy!!!!!!)
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To: Oldeconomybuyer

Receiving stolen funds.


14 posted on 12/14/2022 12:41:17 PM PST by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: hillarys cankles

“The next best thing to seeing them in prison is seeing the completely broke and total outcasts at Stanford”

It’s a nice thought, but in reality....Birds of a Feather flock..... you know the rest.


15 posted on 12/14/2022 12:45:20 PM PST by DAC21
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To: Oldeconomybuyer
Bankman-Fried’s parents scrutinized over court antics as FTX confirms they ‘received payments’

Mommy and Daddy were involved too?

Mr. Bankman married Ms. Fried

Their kid fried bankmen.

Can't make this stuff up.

16 posted on 12/14/2022 12:48:20 PM PST by Jess Kitting
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To: Oldeconomybuyer
"The actions of disgraced FTX founder Sam Bankman-Fried’s law professor parents are under heavy scrutiny this week following the former billionaire’s arrest on an array of federal charges.

Joseph Bankman and Barbara Fried, both professors at Stanford University"

Tells you all you need to know about these leftist scumbag freaks, Lil' Sammy took both of his parents' last name.

17 posted on 12/14/2022 12:49:38 PM PST by DAC21
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To: Oldeconomybuyer

18 posted on 12/14/2022 12:53:22 PM PST by Albion Wilde ("There is no good government at all & none possible."--Mark Twain)
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To: Oldeconomybuyer; bitt

While Fried was not a paid employee of FTX, she was closely tied to her son’s donations of tens of millions of dollars to Democrats ahead of the 2022 midterm elections. The ex-billionaire contributed to a political advocacy network that Fried oversaw.

xxxxxxxxxxxxxxxxxxxxxxxxx

smells like momma fried had a side gig as a bundler for the DNC?

with the kids connection to SEC Chariman Gensler & MIT, you gotta ask yourself “who came up with this scheme in the first place?”


19 posted on 12/14/2022 1:12:36 PM PST by thinden (buckle up ....)
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To: Oldeconomybuyer

It will be sad seeing an entire family suicide at the same time.


20 posted on 12/14/2022 1:38:35 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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