The domino effect of FTX CEO Sam Bankman-Fried’s actions set the wheels in motion, and his reputation began to creep into the professional lives of his parents — Stanford Law professors Joseph Bankman and Barbara Fried.
Bankman, SBF’s father had to cancel his winter session course on tax policy because of The Standford Daily. They reported that the family was accused of acquiring a $16.4 million vacation home before the crypto exchange’s collapse happened.
Stanford Law professor Joseph Bankman announced that his tax policy class is canceled. However, SBF’s mother, Fried, is not listed as an instructor for any of the classes.
It’s not surprising that SBF’s plan to dupe FTX investors came back to haunt his family members. Certainly, Bankman-Fried continues attempts to destabilize the crypto market. Most recently, SBF accused Binance CEO Changpeng Zhao of causing FTX’s downfall, claiming that he “threatened to walk at the last minute.”
Bankman-Fried revealed his willingness to testify at a United States House hearing about FTX’s collapse sometime in the future.
The fugitive missed the Senate Banking Committee hearing focused on FTX’s bankruptcy, but they ultimately received a temporary postponement.