Sam Bankman-Fried’s esteemed Stanford parents face their own reckoning

Sam Bankman-Fried’s esteemed Stanford parents face their own reckoning

2 years ago
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https://www.siliconvalley.com/2022/12/14/sam-bankman-frieds-esteemed-stanford-parents-face-their-own-reckoning/

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 over whether they were complicit in the alleged crimes that led to the company’s spectacular collapse.

Sam Bankman-Fried’s esteemed Stanford parents face their own reckoning

Dec 14, 2022, 6:45pm UTC
https://www.siliconvalley.com/2022/12/14/sam-bankman-frieds-esteemed-stanford-parents-face-their-own-reckoning/ > 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 over whether they were complicit in the alleged crimes that led to the company’s spectacular collapse.