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 ...
Lock’em up
Just like Hunter Biden
The kids been fed amphetamines and anti-depressants since elementary school. Enjoy your handi-work mom and dad.
Maybe the whole family can share a cell.
Money 💰
A Hunter Biden posing as a MENSA savant. The kid was really just a speed freak with academia as his references.
Stanford must have a PhD level grifter Degree program.
So many grifters seem yo come out of them.
.
The American Ruling Class: thoroughly corrupt, and evil.
Sounds to me that they have their own legal bills to worry about.
The next best thing to seeing them in prison is seeing the completly broke and total outcasts at stanford.
A quick question for them all. Was it worth it?
Too bad, not sad.
Receiving stolen funds.
“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.
Mommy and Daddy were involved too?
Mr. Bankman married Ms. Fried
Their kid fried bankmen.
Can't make this stuff up.
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.
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.
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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?”
It will be sad seeing an entire family suicide at the same time.
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