Friday, June 14, 2024

Sam Bankman-Fried’s mother and father not on the Stanford Regulation Faculty roster

by Jeremy

The domino impact of FTX CEO Sam Bankman-Fried’s actions got here full circle as his popularity started impacting the skilled lives of his mother and father — Stanford Regulation professors Joseph Bankman and Barbara Fried. 

SBF’s father, Bankman, needed to cancel his winter session course on tax coverage, which in accordance to The Standford Day by day, was at a time when the household was accused of buying an FTX-owned $16.4 million trip residence earlier than the crypto trade’s collapse.

Stanford Regulation professor Joseph Bankman’s tax coverage course was canceled. Supply:

However, SBF’s mom, Fried, was surprisingly not even listed as an teacher for any of the programs. Whereas this occasion coincides with FTX’s fallout, the place Fried grew to become a focus of debate owing to her political ties, she distanced the transfer from the continuing investigations, saying it was a “long-planned” resolution to retire. Talking to The Day by day, Fried shared her “hopes to” return as a instructor sooner or later.

As if karma was actual, SBF’s plan to dupe FTX traders got here again to hang-out his members of the family. Nonetheless, Bankman-Fried continues to try to destabilize the crypto market. Most just lately, SBF accused Binance CEO Changpeng Zhao of FTX’s fall, claiming that CZ “threatened to stroll on the final minute.”

Associated: FEC probe demanded after SBF ‘admitted’ making darkish cash donations

On Dec. 9, Bankman-Fried revealed his willingness to testify at a United States Home listening to about FTX’s collapse sooner or later.

Nonetheless, the fugitive controversially missed the deadline to reply to a Senate Banking Committee request to seem and testify throughout a listening to centered on FTX’s chapter in early December.