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Sam Bankman-Fried’s esteemed Stanford parents face their own reckoning
San Jose Mercury News ^ | December 14, 2022 | Martha Ross

Posted on 12/15/2022 1:28:15 AM PST by Governor Dinwiddie

As Joe Bankman and Barbara Fried sat in a Bahamian courtroom Tuesday, the popular Stanford law professors had to be worried about more than whether their FTX founder son, Sam Bankman-Fried, will go to prison for orchestrating what a federal prosecutor described as “one of the biggest financial frauds in American history.”

The couple also have to be concerned about their own legal jeopardy, a criminal law expert said, given reports that they were involved, at some level, in their son’s efforts to build his allegedly fraudulent cryptocurrency exchange into a $32 billion business. They face scrutiny on multiple fronts over whether they were complicit in the alleged crimes that led to the company’s spectacular collapse.

“I can’t imagine a world where Bankman-Fried’s parents were not his financial and legal advisors,” said Matthew Barhoma, a criminal defense and appellate attorney who is based in Los Angeles.

It could get especially ugly for the couple, who are accustomed to a privileged life in high-minded academia. If prosecutors and the FBI want to play hardball, they could try to force Bankman and Fried to cooperate with the investigation and to testify against their beloved son …

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


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Politics/Elections; US: California
KEYWORDS: barbarafried; bitcoin; brinkmanfried; california; crypto; cryptocurrency; ftx; joebankman; sambankmanfried; stanford
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To: Russ

Then they HAVE to get them on a STATE LAW so Biden CAN’T Pardon them!


21 posted on 12/15/2022 5:27:07 AM PST by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: dennisw

“My opinion is that all this skulduggery n thievery will be uncovered.”

I won’t hold my breath waiting. Too many US pols have their filthy hands all over this. They guy will be whacked before things get too sticky, and the case will be dropped.


22 posted on 12/15/2022 5:32:17 AM PST by MayflowerMadam
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To: Governor Dinwiddie

All three will end up at Club Fed.


23 posted on 12/15/2022 5:38:56 AM PST by George J. Jetso
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To: Governor Dinwiddie

Where’s the Harry Potter GF. Early on it sounded like she was in this up to her fivehead. Wonder if she went as the tell all insider.


24 posted on 12/15/2022 5:42:00 AM PST by mad_as_he$$ ("You'll shoot your eye out kid.")
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To: Doctor Congo

The fact that his guy did not take the first flight out of the Bahamas on a private jet to some undisclosed location just shows how stupid he really was.

IF I had committed fraud and had hundreds of millions squirreled away in foreign banks I would have had an escape plan. Fat boy and his parents could have lived out the rest of their life in Montenegro, Ecuador or some other country with no extradition.


25 posted on 12/15/2022 6:12:46 AM PST by woodbutcher1963
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To: woodbutcher1963

Agreed. I was surprised he was still in the Bahamas.


26 posted on 12/15/2022 6:32:30 AM PST by circlecity (at)
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To: Doctor Congo

That’s the mentality you get when you are never held accountable for your actions.


27 posted on 12/15/2022 6:48:56 AM PST by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith…)
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To: Governor Dinwiddie

So his parents were never married. That’s were the hyphenated name comes from.
Bankman-Fried
I thought only frigid box wine drinking, cat poop cleaning lesbos did the hyphenated crap?


28 posted on 12/15/2022 6:49:12 AM PST by 9422WMR (45 1. Lie, cheat, steal. It’s how the democRATS operate. )
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To: mad_as_he$$
"Where's the Harry Potter GF. Early on it sounded like she was in this up to her fivehead."

She was supposed to be in Hong Kong (where she is rumored to live). But someone in NYC saw her at Starbucks about a block from FBI NYC headquarters. They snapped a picture of her buying a coffee (or whatever they buy at Starbucks). It is speculated that she is going to turn state's evidence.

29 posted on 12/15/2022 7:16:10 AM PST by Governor Dinwiddie (LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
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To: woodbutcher1963
The fact that his guy did not take the first flight out of the Bahamas on a private jet to some undisclosed location just shows how stupid he really was.

IF I had committed fraud and had hundreds of millions squirreled away in foreign banks I would have had an escape plan. Fat boy and his parents could have lived out the rest of their life in Montenegro, Ecuador or some other country with no extradition.

This is done every year by loads of immigrant doctors and small business men. Immigrant restaurant owners. They commit Medicare / Medicaid fraud, cheat on taxes, EBT whatever. When things get too hot they can bug out back to Pakistan, China or Latin America. Since they are citizens of those sh_tholes they will not be extradited. Of course they have squirreled away a million or lots more millions of dollars in the banks back home.

30 posted on 12/15/2022 7:56:06 AM PST by dennisw ("You don't have to like it. You just have to do it")
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To: dennisw
When things get too hot they can bug out back to Pakistan,

https://www.timesunion.com/local/article/As-a-community-mourns-limo-owner-s-story-emerges-13305191.php and he was an FBI informant, big surprise

31 posted on 12/15/2022 7:59:04 AM PST by 1Old Pro
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To: 1Old Pro

https://www.timesunion.com/local/article/As-a-community-mourns-limo-owner-s-story-emerges-13305191.php


32 posted on 12/15/2022 7:59:30 AM PST by 1Old Pro
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To: Governor Dinwiddie

Not a chance to many democrats owe him fear he will talk.

Wait for Bermuda triangle story to ensue he’s gone.


33 posted on 12/15/2022 8:54:20 AM PST by Vaduz (LAWYERS )
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To: Governor Dinwiddie

he put on a suit for court, like that was going to help...

anybody what ever shook his hand, will never be clean


34 posted on 12/15/2022 9:15:27 AM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Governor Dinwiddie

Thanks for the update!


35 posted on 12/15/2022 9:27:44 AM PST by mad_as_he$$ ("You'll shoot your eye out kid.")
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To: Governor Dinwiddie
the popular Stanford law professors had to be worried about more than whether their FTX founder son, Sam Bankman-Fried, will go to prison for orchestrating what a federal prosecutor described as “one of the biggest financial frauds in American history.”


36 posted on 12/15/2022 9:33:57 AM PST by Jim Noble (I feel my heart beat faster any place in the neighborhood of the Astor)
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To: Governor Dinwiddie

GREG GUTFELD: Why didn’t anyone question Sam Bankman-Fried?
https://www.foxnews.com/opinion/greg-gutfeld-why-didnt-anyone-question-sam-bankman-fried
Happy Tuesday, everybody. Calm down, everybody. So let’s talk about the arrest of Sam Bankman-Fried, a.k.a mashed potato ****.


37 posted on 12/15/2022 8:17:13 PM PST by minnesota_bound (Need more money to buy everything now)
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