Posted on 09/19/2023 1:04:10 PM PDT by NohSpinZone
Longtime Stanford University professors Joseph Bankman and Barbara Fried — the parents of Sam Bankman-Fried — were sued by the now-bankrupt cryptocurrency company FTX on Monday. In the lawsuit, filed in federal court in Delaware, the couple is accused of using FTX funds to enrich themselves and give to their “pet causes,” including millions of dollars in donations to Stanford.
The lawsuit alleges that both Bankman and Fried “fraudulently transferred and misappropriated” tens of millions of dollars in total from FTX. They were also given a 30,000-square-foot $16.4 million home in the Bahamas and a $10 million cash gift by their son Bankman-Fried, according to the lawsuit.
Bankman, described on his Stanford Law School faculty page as a “leading scholar in the field of tax law,” took a leave of absence from the university in December 2021 and formally became a senior adviser at FTX, according to the lawsuit.
He is alleged to have personally directed $5.5 million in donations to Stanford, “donations that did not benefit the FTX Group, and instead amounted to naked self-dealing by Bankman, who sought to curry favor with and enrich his employer at the FTX Group’s expense,” the lawsuit reads. “In advancing Stanford University as a recipient of FTX Group charitable donations, Bankman also conceived of various creative means by which to remit payments to Stanford University through different FTX Group entities.”
Bankman was aware of how the donations might be perceived, according to the lawsuit: “It seems too close to home for me,” he’s quoted as saying.
(Excerpt) Read more at sfgate.com ...
Another article described the parents as “deeply ethical people”. They would not get married because it was unfair to gay people, who were not allowed to marry. Bwahahahaha!
How much FTX money was received by the democrat party?
These people were always parasites; never distinguished, IMHO.
That’s Lyle Lovett!
Except her facial expression says she is Lyle NotLovinett
“”taught legal ethics for a living””
No big surprise here. Andrew Weissman, the Left’s favorite prosecutor spent decades violating rights, cheating, threatening families, and hiding exculpatory evidence over and over. His final attack against America was with the Mueller ‘investigation.’
Weissman is now ‘teaching’ in a law school.
Kinda sounds like the Biden family.
Talk about a hatchet face!
You can be sure Weissman is in constant contact with Jack Smith and all the other Inquisitors trying to torture President Trump.
Mueller’s hoax was by no means his last rodeo.
Nah, that’s Keith Richards, circa 1970.
And they did. These two scum commies were majority in on the feud and illegal funding schemes. Throw these two dirtbags in jail for life.
Who takes the mothers last name and father’s as a middle?
imo, the kid didn’t have the brains or experience to put this scheme together.
sorry that his own parents had to make him the scape goat.
brandon will prolly give SBF the medal of freedom for his role in the scheme?
My favorite slur of all time: Secretary Bootyjuice!
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