<p>Joseph Bankman and Barbara Fried, the parents of former FTX CEO <a href="http://dailywire.com/topic/sam-bankman-fried" target="_blank" rel="noopener">Sam Bankman-Fried</a>, have been in the Bahamas with their son for more than one month.</p>
<p>FTX recently filed for <a href="https://www.dailywire.com/news/30-year-old-billionaire-loses-entire-fortune-overnight-as-his-bahamas-based-cryptocurrency-empire-implodes" target="_blank" rel="noopener">bankruptcy</a> after users discovered that the company was likely fraudulently intertwined with sister trading firm Alameda Research; both were controlled by Bankman-Fried and a close-knit group of amateur executives working from a luxury penthouse in the island nation. Bankman and Fried, who work as professors at Stanford Law School, have reportedly placed their lives on hold to stay in the Bahamas with their 30-year-old son and provide some measure of legal support, according to a <a href="https://www.wsj.com/articles/sam-bankman-frieds-parents-were-there-for-ftxs-rise-and-now-its-fall-11670841001" target="_blank" rel="noopener">report</a> from The Wall Street Journal.</p>
<p>“They want him to protect himself, and he won’t,” family friend and former Stanford Law dean Larry Kramer told the outlet. “They’ve decided, ‘We’re not going to fight with our son.’”</p>
<p>Bankman has postponed his law class that was previously scheduled to begin in January, according to a spokeswoman for the couple who would not comment on whether they are providing their son with legal advice. Fried, who retired from her academic post in September, has resigned as chairwoman of Mind the Gap, a political action committee that <a href="https://www.influencewatch.org/political-party/mind-the-gap/" target="_blank" rel="noopener">fundraises</a> for the Democratic Party among wealthy executives in California&#8217;s Silicon Valley.</p>
<p>The cryptocurrency exchange reportedly <a href="https://www.dailywire.com/news/ftx-executives-reportedly-bought-themselves-real-estate-in-the-bahamas-with-corporate-funds" target="_blank" rel="noopener">purchased a home</a> in the Bahamas where Bankman and Fried often stayed while they visited their son. The couple, however, is reportedly lodged elsewhere as their son faces a criminal investigation from the Securities and Exchange Commission and a probe from the Justice Department. They have reportedly told friends that their son’s legal fees could drain their savings.</p>
<p>Bankman, who has drafted legislation for Sen. Elizabeth Warren (D-MA), one of the most ardent skeptics of cryptocurrency in the federal government, served for nearly one year as a paid employee at FTX, primarily overseeing the company’s charitable activities. One such project was enabling poor Americans to start cryptocurrency wallets. Fried, however, was never formally involved in the company.</p>
<p>Bankman-Fried <a href="https://www.dailywire.com/news/here-are-the-democrats-and-republicans-who-received-campaign-cash-linked-to-bankrupt-crypto-empire-ftx" target="_blank" rel="noopener">contributed</a> nearly $39 million to Democratic candidates during the recent midterm cycle, according to <a href="https://www.opensecrets.org/outside-spending/top_donors/2022?disp=D&amp;type=V&amp;superonly=N">data</a> from Open Secrets, which listed him as the nation’s sixth-largest individual midterm donor. He claimed to have contributed “about the same amount” to Republicans through dark money channels in a recent <a href="https://www.dailywire.com/news/i-dont-even-know-how-to-code-mit-grad-and-now-broke-crypto-ceo-sam-bankman-fried-tells-niche-vlogger" target="_blank" rel="noopener">interview</a>. The self-professed “effective altruist” also <a href="https://www.dailywire.com/news/left-of-center-media-accepted-millions-from-democrat-donor-and-disgraced-crypto-wunderkind-sam-bankman-fried" target="_blank" rel="noopener">donated</a> millions of dollars to various media outlets and <a href="https://www.dailywire.com/news/sam-bankman-fried-secretly-helped-crypto-news-outlet-ceo-buy-apartment-in-the-bahamas" target="_blank" rel="noopener">provided loans</a> to the chief executive of cryptocurrency publication The Block.</p>
<p>David Mills, another professor at Stanford Law, reportedly received a call from Bankman once his son shared that the cryptocurrency empire was in dire straits. Mills reportedly said that  “Sam needs lawyers, and desperately,” before agreeing to serve as a legal adviser for the embattled young entrepreneur. He has accepted several media interviews despite his legal counsel’s advice.</p>
<p>Bankman-Fried currently plans to appear before the House Financial Services Committee on Tuesday. The now-broke former billionaire was initially hesitant to appear before lawmakers, claiming that he first needed to finish “learning and reviewing what happened.”</p>
<p>House Financial Services Committee Chairwoman Maxine Waters (D-CA) had been <a href="https://www.dailywire.com/news/maxine-waters-blasted-for-gentle-tweet-politely-asking-possible-financial-criminal-sam-bankman-fried-to-testify" target="_blank" rel="noopener">criticized</a> for her extraordinarily polite invitation to Bankman-Fried; she told the would-be cryptocurrency wunderkind, who may have lost untold billions in customers’ funds, that lawmakers “appreciate that you’ve been candid in your discussions about what happened.”</p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Sam Bankman-Fried’s Well-Connected Democrat Parents Hiding Out In Bahamas With Him

CONTINUE READING

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News

Business

Cryptocurrency

Fraud

Sam Bankman-Fried

Scandals

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

Sam Bankman-Fried’s Well-Connected Democrat Parents Hiding Out In Bahamas With Him