{"id":161599,"date":"2023-09-23T20:35:12","date_gmt":"2023-09-23T15:05:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=161599"},"modified":"2023-09-23T20:35:12","modified_gmt":"2023-09-23T15:05:12","slug":"are-sam-bankman-frieds-parents-victim-or-culprit-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/are-sam-bankman-frieds-parents-victim-or-culprit-crypto-news\/","title":{"rendered":"Are Sam Bankman Fried’s Parents Victim Or Culprit? – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

With the trial of Sam Bankman-Fried (SBF) fast approaching, a number of tough questions are flying around including seeking to know whether his parents, Joseph Bankman and Barbara Fried are either victims or culprits in the highly watched case.<\/span><\/p>\n

SEC Veteran Questions DOJ\u2019s Stance<\/strong><\/h2>\n

In his characteristic manner, John Reed Stark, a former Executive of the United States Securities and Exchange Commission (SEC) has <\/span>questioned<\/span><\/a> the commitment of the Commission as well as that of the Department of Justice (DOJ) in Prosecuting SBF\u2019s parents who the FTX Derivatives Exchange had already <\/span>sued<\/span><\/a>.<\/span><\/p>\n

<\/p>\n

Drawing on his experiences as an attorney with the SEC for over 20 years, Stark noted that he has \u201ccannot comprehend why the U.S. Department of Justice and the U.S. Securities and Exchange Commission have not added SBF\u2019s parents as defendants.\u201d<\/span><\/p>\n

\n

SBF\u2019s Mom and Dad: Criminal Beneficiaries, Profiteers, Conspirators and Enablers<\/p>\n

I served for almost 20 years as an attorney in the SEC Division of Enforcement (including 11 years as Chief of the SEC\u2019s Office of Internet Enforcement) and led dozens of SEC prosecutions with\u2026 pic.twitter.com\/pElbR2wUeX<\/a><\/p>\n

<\/p>\n

\u2014 John Reed Stark (@JohnReedStark) September 23, 2023<\/a><\/p>\n<\/blockquote>\n

Expanding his claims, the regulatory expert said as far as the SEC is concerned, at least Joseph Bankman and Barbara Fried \u2018should at least be named as \u201crelief defendants.\u201d\u2019<\/span><\/p>\n

<\/p>\n

The selective enforcement actions have made the industry question what the loyalty of the market regulator really is and whether or not it aligns with the core interests of FTX creditors and users whose funds are yet to be refunded. With no regulator talking about indicting SBF\u2019s parents, experts believe they are now being treated as victims, rather than the culprits that they are.<\/span><\/p>\n

Going Beyond Justice With Sam Bankman-Fried\u2019s Parents<\/strong><\/h2>\n

Although, the clamor that most industry observers are nursing is that justice should be made to prevail in the case of Bankman and Fried, what is really needed is the recovery of the millions of dollars in funds belonging to the exchange that was misappropriated while SBF was still at the helm of affairs as FTX Exchange\u2019s CEO.<\/span><\/p>\n

The FTX lawsuit filed against the duo is already seeking the refund of all cash gifts made to entities represented by SBF\u2019s parents. One of these entities is Stanford University where both Bankman and Fried have positions as Law Professors. The prestigious institution has <\/span>revealed<\/span><\/a> its plans to refund the sum of $5.5 million it received as a cash gift from the exchange for research during the COVID-19 period.<\/span><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

\n

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

With the trial of Sam Bankman-Fried (SBF) fast approaching, a number of tough questions are flying around including seeking to know whether his parents, Joseph Bankman and Barbara Fried are either victims or culprits in the highly watched case. SEC Veteran Questions DOJ\u2019s Stance In his characteristic manner, John Reed Stark, a former Executive of […]<\/p>\n","protected":false},"author":2,"featured_media":161600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-161599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/161599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=161599"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/161599\/revisions"}],"predecessor-version":[{"id":161602,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/161599\/revisions\/161602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/161600"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=161599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=161599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=161599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}