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Sam Bankman-Fried's Stanford parents 'defeated' by his guilty verdict

Sam Bankman-Fried's fraud trial and his parents' entanglement with FTX has 'marred their reputation at the end of their lives,' says a writer who observed the family receive news of his guilty verdict. ....

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Sam Bankman-Fried's Stanford parents 'defeated' by his guilty verdict

If “saving” their son had become “the major project” of their lives, Sanford Law professors Joseph Bankman and Barbara Fried looked utterly “defeated” Thursday, with a federal jury taking a little more than four hours to find their adored oldest child, disgraced FTX mogul San Bankman-Fried, guilty in the largest cryptocurrency fraud trial in history. The couple, once highly popular and respected academics on the Stanford campus, “looked frightened” when they entered the courtroom Thursday in New York, The Verge writer Elizabeth Lopatto reported. Bankman put his arm around his wife as they sat down on the wooden benches. Fried […] ....

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Balloon Juice - Cold Grey Dawn Open Thread: At Least SBF Is Having A Really Bad Week...

Balloon Juice - Cold Grey Dawn Open Thread: At Least SBF Is Having A Really Bad Week...
balloon-juice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from balloon-juice.com Daily Mail and Mail on Sunday newspapers.

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Jurors have begun deliberating Bankman-Fried's fate.

The 12-person jury will decide whether Bankman-Fried is guilty of seven criminal charges, including two counts of fraud and five counts of conspiracy. If convicted, Bankman-Fried faces over 100 years in prison. The Verge’s Elizabeth Lopatto has been tracking the case from the courtroom, and from what she’s seen so far, it doesn’t look like Bankman-Fried’s defense has brought too many convincing arguments to the table: ....

Elizabeth Lopatto ,

"...getting caught in a lie by a judge is very bad."

That’s what experienced litigator Mitchell Epner wrote about this incident during the cross-examination of Sam Bankman-Fried. Elizabeth Lopatto’s summary of SBF’s final day of testimony captures it as part of being “vivisected” on the stand. Trying to worm his way past tough questions by answering a slightly different question doesn’t seem to work as well for SBF in court as it did with investors and interviewers. ....

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