Free Republic

Sam Bankman-Fried appeared Tuesday at a hearing in the Bahamas with his parents in attendance, according to multiple reports, including from The New York Times and the cryptocurrency site CoinDesk. At the hearing, which largely focused on whether Bankman-Fried would be released on bail, the former FTX CEO indicated that he was not waiving his right to challenge his extradition to the US, the CoinDesk report said. The site, which was reporting live from Nassau in the Bahamas, broke the news in November of the financial links between FTX and Bankman-Fried's trading firm, Alameda Research. During the proceedings, Bankman-Fried's mother,...

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...