Sam Bankman-Fried, the founder of the bankrupt FTX cryptocurrency exchange, was convicted of fraud and related crimes in November 2023.
He faces decades in prison for his role in the largest crypto scam in history.
But who are his parents, and how did they react to his downfall?
Below we explore the background and career of Joseph Bankman and Barbara Fried, the Stanford Law professors who raised Sam Bankman-Fried.
Joseph Bankman
Joseph Bankman is a professor of tax law and a clinical psychologist at Stanford Law School.
He is an expert on tax policy, tax evasion, and tax reform.
He has testified before Congress and advised state governments on tax issues.
Joseph is also a co-author of several books and articles on taxation, including Federal Income Taxation, a leading casebook on the subject.
Joseph Bankman is also a mental health advocate who has spoken openly about his struggles with anxiety and depression.
He has created courses and programs to help law students and lawyers cope with stress and improve their well-being.
He has also collaborated with other scholars and practitioners to promote mental health awareness and reform in the legal profession.
Barbara Fried
Barbara Fried is a professor of law and a political philosopher at Stanford Law School.
She is an expert on social and political theory, distributive justice, and constitutional law.
She has written extensively on the moral and legal implications of various topics, such as:
- taxation
- contract law
- tort law
- affirmative action
Barbara is the author of The Progressive Assault on Laissez Faire: Robert Hale and the First Law and Economics Movement.
The book challenges the conventional wisdom on the history and ideology of law and economics.
Barbara Fried is also a feminist who has advocated for gender equality and women’s rights.
She has taught courses and seminars on feminist jurisprudence, gender and the law, and women and public policy.
She has also served as a board member and president of the Society for Women in Philosophy, a professional organization that supports women in the field of philosophy.
Conclusion
Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried are both accomplished and respected professors at Stanford Law School.
They have raised their son to be a brilliant and ambitious entrepreneur, who rose to fame and fortune in the crypto industry.
However, they have also witnessed his downfall and disgrace, as he was convicted of fraud and related crimes in the largest crypto scam in history.
They have supported him throughout his legal battles, but they have also suffered from his scandal, both personally and professionally.
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