Burn down the family business! SBF Parents 'Suspended Classes This Semester' and Will No Longer Teach at Stanford University in 2023

Former FTX CEO Sam Bankman-Fried (SBF) is in the crosshairs following the collapse of cryptocurrency exchange FTX, which could affect the careers of his parents, who will no longer be at Stanford as of 2023 Taught, but the SBF’s mother Barbara Fried has stated her decision to leave Stanford had nothing to do with anything else.
(Recap:The US senator warns: if SBF does not appear at the hearing on the 14th, he will wait to receive a subpoena）
(basic supplement:Finally leaving the Bahamas? SBF willing to “go to US hearing in person”; House requests the 12/13 report）

from SBF father Joseph Bankman has taught at Stanford Law School since 1988, before the collapse of FTX, according to an Oct. 31 release from Stanford Law Schoolcourse updatethat he was supposed to teach fiscal policy next year, but the last oneClass scheduleIt appears that the course has been cancelled.

A Stanford law student who took Joseph Bankman’s class told the San Francisco Standardconfirmed, Joseph Bankman’s class has been cancelled. Joseph Bankman may cancel his program to help his SBF son, who has not yet been charged with a felony but could face serious criminal charges, flew to the Bahamas to assist SBF after the collapse of FTX.

SBF’s mother, Barbara Fried, is also a professor at Stanford Law School and has been teaching at Stanford since 1987, but she won’t be teaching there next year either, Barbara Fried told the Stanford Journal.to expressa “long-planned” retirement decision that “has nothing to do with anything else,” though he also said he hopes to return to teaching in the future.

SBF seeks legal assistance

Decrypt report, SBF revealed during his video conference call at the DealBook Summit in NYC last week that his parents are still offering him support. Although SBF’s parents are not their lawyers, they would be very busy if they wanted to provide legal advice to SBF.

SBF this week hasassume He was defended by Mark Cohen, who recently defended Ghislaine Maxwell, a British socialite convicted of soliciting underage girls for sex.

Currently, SBF and FTX are under investigation by the United States Securities and Exchange Commission (SEC), the Department of Justice, the Commodity Futures Trading Commission (CFTC), the Texas Securities Commission and the California Department of Financial Protection and Innovation.

SBF could be subpoenaed if it fails to appear at the congressional hearing

He is also drawing attention to whether SBF attends the US Congressional hearing. He was asked to attend the hearing related to the collapse of FTX held by the US House of Representatives Committee on Financial Services on 13. Maxine Waters, chair of the House Financial Services Committee, said on the 8thto expressthe quote “is definitely on the table.”

SBF was 5to answerHe is willing to go to the House of Representatives Financial Services Committee hearing to testify, provided that after he completes the understanding and review of what happened, but he is not sure whether he can understand the situation before the 13th, but he has emphasized that ” if it is completed, I will come forward. testify”.

At the same time, the Senate Committee on Banking, Housing and Urban Affairs will also hold a hearing on the collapse of FTX on the 14th. Senators Sherrod Brown and Patrick Toomey have alreadysend a letter The SBF, which requires him to testify, will be willing to receive a subpoena if he fails to appear.