“I’m a big advocate for Sam because he has two parents that are compliance lawyers,” FTX spokesman and investor Kevin O’Leary, better known as Shark Tank‘s Mr. Wonderful, said earlier this month of his relationship with crypto scam-artist Sam Bankman-Fried. “If there’s ever a place I could be that I’m not going to get in trouble, it’s going to be at FTX.”
We’re hardly sophisticated investors, but: LOL.
It’s true, Sam Bankman-Fried’s parents are lawyers: professors at Stanford Law School, fanatical left-wingers, and as greedy as they come. The apple, apparently, did not fall far from the tree.
Bankman-Fried’s mother, Barbara Fried, is a tax expert whose scholarship focuses on moral philosophy and “questions of distributive justice.” She has three degrees from Harvard and led a left-wing super PAC that funneled millions of dollars to Democrats. Bankman-Fried’s father, Joseph Bankman, earned an undergraduate degree at Berkeley and a law degree from Yale. According to Fortune, he has helped Sen. Elizabeth Warren (D., Mass.) write tax legislation. He’s also a clinical psychologist who specializes in the “treatment of anxiety, depression, and adjustment in both teens and adults.”
Mom and Pops didn’t teach Sam how to drag a brush through his hair or tie his shoes, but they did school him in the argot of the high-society bullshit artist: “utilitarianism,” “effective altruism,” “commitment to the well-being of all people,” yadda, yadda, yadda.
The do-gooder schtick was just that. “Man all the dumb shit I said,” Bankman-Fried texted a reporter, “it’s not true, not really.” The reporter followed up: “So the ethics stuff—mostly a front?” You know the answer.