Sam Bankman-Fried’s Family Also Surrounded By Trouble
Former FTX CEO Sam Bankman-Fried is being taught and targeted by the government after the collapse of the FTX empire, but he is not alone in his consequences. Stanford Laws Joseph Bankman and Barbara Fried, his parents, were in a similar situation.
According to The Standford Daily, SBF’s father, Bankman, had to cancel his winter session tax policy course at a time when the family was accused of acquiring an FTX-owned $16.4 million vacation home prior to the crypto exchange’s collapse.
Fried, SBF’s mother, on the other hand, was unexpectedly not named as a teacher for any of the courses. Even she distanced herself from the continuing inquiries, claiming that her retirement was a “long-planned” choice. Fried told The Daily that she “hopes to” return to teaching in the future.
Bankman-Fried is still being evaluated by US prosecutors over fraud charges.
A recently revealed text message shows Changpeng Zhao and Bankman-Fried having a heated conversation, with the Binance CEO claiming that SBF’s actions had a serious impact on the market.
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