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Who’re Sam Bankman-Fried’s mother and father? Meet Joseph and Barbara

By Lauren Wilson Dec16,2022

Like every excellent mum or dad, Sam Bankman-Fried’s dad and mom have stood firmly in the back of their son from the start of his crypto profession till his fall from grace, however their staunch fortify and up to date court antics have put them underneath heavy scrutiny.

Joseph Bankman and Barbara Fried, each professors at Stanford College, sat within the 3rd row of Bankman-Fried’s extradition listening to within the Bahamas, the place their animated expressions have been in complete view.

Bankman, who won bills from FTX and used to be closely concerned within the doomed platform’s operations, used to be observed sporadically plugging his ears all through the method, whilst Fried laughed a number of instances.

New FTX CEO John Ray published he’ll be investigating Bankman and Fried’s position of their son’s alleged cryptocurrency rip-off on the corporate, in particular after it used to be showed that Bankman had given Bankman-Fried “prison recommendation” and that the circle of relatives used to be given money bills.

Careers

Each Bankman and Fried educate legislation at Stanford College, the place their alleged involvement of their son’s FTX schemes has change into a “topic of gossip” amongst colleagues, the New York Occasions reported.

FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022.
Sam Bankman-Fried’s mother and father, each Standford College legislation professors, have fallen underneath scrutiny of their son’s alleged crypto scheme.
AFP by way of Getty Pictures

In keeping with his college biography, Bankman focuses on tax legislation and has written two casebooks at the topic. Along with being a training attorney, Bankman is a medical psychologist and teaches psychological well being legislation.

Fried is a professor emerita of legislation at Stanford. Like her husband, she additionally wrote about tax coverage, however her “scholarly pursuits lie on the intersection of legislation, economics, and philosophy,” her biography states. She is a three-time winner of the John Bingham Hurlbut Award for Excellence in Educating.

Ties to Democrats

Bankman helped write Massachusetts Sen. Elizabeth Warren’s failed law to simplify the tax code in 2016. He then signed a letter of fortify for the invoice with 53 different legislation professors.

Joseph Bankman, father of FTX CEO, Sam Bankman-Fried.
Joseph Bankman used to be a paid worker of FTX.
Stanford College
Barbara Fried, mother of FTX CEO, Sam Bankman-Fried.
Barbara Fried based tremendous political motion committee Thoughts The Hole in 2018
Stanford College

Bankman additionally has a historical past of donating 1000’s of bucks to Democratic campaigns, together with Warren.

Fried co-founded tremendous political motion committee Thoughts The Hole in 2018, in line with the New York Occasions, despite the fact that she resigned in November. The gang makes use of statistical research to resolve the dollar-value affect of donations on Democrats operating for the Area of Representatives.

Fried used to be carefully tied to her son’s donations huge donations to Democrats ahead of the 2022 midterms, Industry Insider reported. Bankman-Fried used to be charged with the usage of tens of thousands and thousands of bucks in Alameda budget to illegally make political donations “to applicants and committees related to each Democrats and Republicans.” The White Area has no longer mentioned whether or not Biden would go back the fraudulent cash Bankman-Fried donated to his 2020 political marketing campaign.

Sam Bankman-Fried, founder of FTX, left, and his mother Barbara Fried at the Magistrate's Court in Nassau, Bahamas, on Tuesday, Dec. 13, 2022.
Bankman-Fried and his mom on the Justice of the Peace’s Court docket in Nassau, Bahamas, Tuesday.
Bloomberg by way of Getty Pictures

Roles in FTX

Bankman used to be a paid FTX worker for just about a yr, a spokesperson for the circle of relatives instructed The Wall Boulevard Magazine, however most commonly labored on charity initiatives for the corporate.

Fried used to be no longer a paid worker on the cryptocurrency corporate.

Ray showed Tuesday that “the circle of relatives did obtain bills.”

Moreover, Bankman-Fried purchased a $16.4 million area within the Bahamas for his mother and father in FTX’s identify. The posh beachfront assets used to be for use as a “holiday house,” despite the fact that Bankman-Fried later claimed he didn’t intend for his mother and father to make use of it long-term.

“It used to be meant to be the corporate’s assets. I don’t understand how that used to be papered in,” he mentioned.

The couple has been dwelling within the Bahamas with their son for the previous month, the Wall Boulevard Magazine mentioned.

Supply By way of https://nypost.com/2022/12/14/who-are-sam-bankman-frieds-parents-meet-joseph-and-barbara/

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