Home Business and Finance Sam Bankman-Fried Parents: Know About Barbara Fried And Joseph Bankman

Sam Bankman-Fried Parents: Know About Barbara Fried And Joseph Bankman

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Sam Bankman-Fried, an renowned entrepreneur and philanthropist known for co-founding FTX – a cryptocurrency exchange platform – in 2019, was recently arrested on several criminal charges related to fraud and money laundering. But who are his parents, Joseph Bankman and Barbara Fried – both professors at Stanford Law School? In this article we will take an in-depth look into their lives and careers as we trace Sam’s background family tree.

Joseph Bankman: A Tax Law Expert and a Clinical Psychologist

Sam Bankman-Fried Parents
Sam Bankman-Fried Parents

Joseph Bankman is both a professor of law and clinical psychologist at Stanford University. Specializing in tax law, he has written two casebooks in that field as well as teaching mental health law classes and writing articles on tax evasion, shelters and behavioral economics – often testifying before Congress or state legislatures himself on tax policy issues and helping draft legislation to streamline taxes while also regulating cryptocurrency industries.

Joseph Bankman was born and raised in Los Angeles. After attending Harvard College and Law School – graduating with highest distinction from both – he worked as a clerk to Judge Wilfred Feinberg on the Second Circuit Court of Appeals and Justice Thurgood Marshall of the Supreme Court before joining Stanford faculty as an associate professor in 1987 and becoming full professor in 1990. Married to Barbara Fried, they have three children together: Sam, Rachel and Daniel.

Joseph Bankman was an employee of FTX who was deeply involved with its operations. He received payments from FTX as well as legal advice for Sam Bankman-Fried and made donations using funds from both FTX and Alameda Research – another cryptocurrency trading firm co-founded by Sam – to Democratic campaigns and causes. Joseph is currently under investigation by the Department of Justice regarding an alleged FTX scam scheme.

Barbara Fried: A Law and Philosophy Scholar and a Political Activist

Barbara Fried, professor emerita of law at Stanford University. As a specialist in law, economics, and philosophy she has written numerous books and articles covering contract theory, distributive justice, legal reasoning, feminist theory constitutional law and political philosophy among other topics. Additionally she has received multiple John Bingham Hurlbut Award for Excellence in Teaching Awards three times over.

Barbara Fried was born and raised in New York City. She graduated with honors from Radcliffe College and Harvard Law School before clerking for Judge Patricia Wald of the U.S. Court of Appeals for the District of Columbia Circuit and Justice Harry Blackmun of the Supreme Court. Later she joined Stanford faculty as an instructor before becoming full professor in 1994 – retiring after 21 years to become professor emerita upon retirement in 2018. Barbara is married to Joseph Bankman with whom she shares three children Sam, Rachel and Daniel.

Barbara Fried co-founded Mind the Gap, a super political action committee, in 2018. This organization used statistical analysis to measure the dollar value influence of donations on Democrats running for House seats. Barbara assisted Sam Bankman-Fried with making large donations using funds from FTX and Alameda Research prior to 2022 midterms using funds provided through Mind The Gap. In November 2022 following Sam Bankman-Fried’s arrest and indictment she resigned from Mind The Gap while now being scrutinized over possible involvement in an alleged FTX scheme scheme.

Conclusion

Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, are accomplished and esteemed law professors at Stanford University. Both have also been actively engaged in political and social causes – supporting Democratic Party causes as well as cryptocurrency industry initiatives – yet their involvement with their son’s FTX business has put them in legal jeopardy while damaging their reputations; while standing firmly behind him while experiencing public criticism over their behavior and expressions in court. Now they eagerly await results of investigation and trial hoping the best for them and their family!

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