Joseph Bankman and Barbara Fried have started facing professional consequences for their child Sam Bankman-Fried’s illegal actions.
The domino effect of FTX CEO Sam Bankman-Fried’s actions came full circle as his reputation began impacting the professional lives of his parents — Stanford Law professors Joseph Bankman and Barbara Fried.
SBF’s father, Bankman, had to cancel his winter session course on tax policy, which according to The Standford Daily, was at a time when the family was accused of acquiring an FTX-owned $16.4 million vacation home before the crypto exchange’s collapse.
On the other hand, SBF’s mother, Fried, was surprisingly not even listed as an instructor for any of the courses. While this event coincides with FTX’s fallout, where Fried became a focal point of discussion owing to her political ties, she distanced the move from the ongoing investigations, saying it was a “long-planned” decision to retire. Speaking to The Daily, Fried shared her “hopes to” return as a teacher in the future.
As if karma was real, SBF’s plan to dupe FTX investors came back to haunt his family members. However, Bankman-Fried continues to attempt to destabilize the crypto market. Most recently, SBF accused Binance CEO Changpeng Zhao of FTX’s fall, claiming that CZ “threatened to walk at the last minute.”
On Dec. 9, Bankman-Fried revealed his willingness to testify at a United States House hearing about FTX’s collapse in the future.
1) I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like.
But as the committee still thinks it would be useful, I am willing to testify on the 13th. https://t.co/KR34BsNaG1
— SBF (@SBF_FTX) December 9, 2022
However, the fugitive controversially missed the deadline to respond to a Senate Banking Committee request to appear and testify during a hearing focused on FTX’s bankruptcy in early December.