SBF has been arrested. His indictment has followed as of today. We now know that his parents have been in on the scheme(Ponzi) since last year or earlier. Both parents are faculty members in the Standford Law School-not your typical set of parents. They specialize in-----TAX LAW. Hmmm. They've gone to the Bahamas to help out. Now they say they won't stay in the big house owned by TFX, son's corporation. Dad has been on the payroll to assist in philanthropy operations. Hmmm. Does that mean he supervised donations to various Democratic Party candidates to the tune of $70 millions? Almost equal to George Soros financial gifts? Maybe it's time for Mr. and Mrs. Bankman-Fried to retire. Maybe get ready for a financial hit as they scramble to find a defense team that costs under $10K/day. Sorry, when you play in the big leagues, defense costs a whole lot more. How much is the new president of FTX being paid? He's just looking for assets; that's a lot easier than staying out of jail for 15 years. Mr. Bankman hasn't been charged, yet. Mrs. Fried hasn't been charged, yet.
Ask Elizabeth Holmes what it's like to wait for the indictment to come- stressful, I'll bet. But we know lawyers are a special breed, immune from most worry, insensitive to criticism, focused on the law. Good luck to the Bankman-Fried family. Poor brother Gabriel; he might just have to change his name or drop one and the hyphen too. Just plain old Fried would probably be Ok with Mom and Dad.
See you all in court.
No comments:
Post a Comment