How Involved Were SBF's Parents?
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- เผยแพร่เมื่อ 26 ส.ค. 2024
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FTX has sued Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, claiming they enriched themselves by siphoning off millions of dollars in “fraudulently transferred and misappropriated funds” from the cryptocurrency exchange their son founded.
In a court filing earlier this week, the FTX debtors said Joseph Bankman and Barbara Fried, both of whom are tenured professors at Stanford Law School, used their influence to funnel money from the business to themselves and their pet charitable causes.
Bankman, a tax lawyer, also lavished gifts upon his friends and family using FTX funds, they alleged, including, flights and tickets to the Formula One Grand Prix in France.
Fried used her influence to obtain millions of dollars in donations from Bankman-Fried and an associate for Mind the Gap, a Super Pac she co-founded to help Democrats win office in the 2020 US election cycle. She further pressured “certain FTX Insiders to unlawfully avoid (if not violate) federal campaign finance law”, the debtors allege.
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@@StopinvadingmyhardwareI fully concur. 😎
Second biggest donation person to... Joe.
Guess the top guy above him.. 😶
You show signs of aging. Stay strong Patrick.
Too many ads mates
So basically SBF's mother's relationship to ethics is equivalent to his father's relationship to taxes. He specializes in tax law in order to avoid paying taxes and she specializes in ethics to avoid being ethical.
boom (mic drop )
@@chillphil967 nailed it. inspires moi to have my son attend Standford. His great grandfather attended. Sooooo, he can check the elite box that a direct relatives attended! (ok, he was one of the last Ministers in the old Chinese dynasty, but hey, a girls gotta do what a girls gotta do!!
And now they specialize in how to avoid paying back their ILL gotten gains and prison time
That’s what he said in the video.
100%
A family that frauds together should go to jail together.
That's antisemitism :D
And pay back investors together?
No chance; with the 'friends in high places' they have... probably walk way keeping everything they stole.
@@sergeantmajorzero7482They are Jewish America is run by them he will see very little jail time hopefully some Chad will bottle him in public
Its a whole tribe
Hell yes, the parents knew and took part in this scheme. The betrayal of public trust by two Stanford professors is outrageous -- yet according to NPR, "Fried now has emerita status at Stanford Law School; she has stepped back from teaching. Bankman is on leave. A Stanford spokesperson said they both remain on the faculty." Yes, condoned by Stanford, this "family business" was intended to defraud the public. I hope that in the name of justice, all family members are charged with crimes, and if they are found guilty, are made to pay reparations and do prison time. And shame on Stanford for retaining them on staff!
Not surprised that they were Stanford professors given all of the revelations about research fraud at Stanford.
What do you expect from Stanford when even their president is a fraud.
Well, just look at how they handled the scientific fraud committed by their former president, Marc Tessler-Lavigne. He stepped down, but, of course, he’s still on the faculty. They should’ve know he was trouble when they saw how many names he had. Just remember folks: you can’t trust anyone with more than one surname.
@@doodlebug1820 Like when the RAND corp couldn't get their secretaries to play the zero-sum game they just made up.
They gave a loooot of Sam’s money to Stanford.
I am also 10 million dollars away from announcing retirement. Who knew SBF's life could be so relatable.
Hehe! That's clever. 😂
As a kid of divorce, it warms my heart to see families stick together to commit breathtaking amounts of fraud ❤
Really shows that the nuclear family isn’t dead after all
😂😂😂😂
It's probably the havoc caused by rich families like SBF's that indirectly contributed to your parents divorce. (The butterfly effect !!!) 😊😊😊
@@joekulik999okay movie, I expected more if I'm honest.
I think we are beyond breathtaking amounts of fraud to record breaking amounts of fraud.
Anyone who took his mom's ethics class should probably get their money back.
Looks like legal ethics is a contradiction of terms.
like FTX customers her students will never see a dime back
Democrat ethics
@@twisterli9177 Don't fall for the left-right dichotomy. They're all in cahoots.
Imagine going to some uni in the US and thinking you get something else then indoctrination.
The fact that Barbara Fried is still saying that her son, SBF, did nothing wrong is astonishing. This family is not looking good and even Stanford is circling the wagons. Greedy corrupt institutions will always find a way to justify misdeeds.
I wonder if Stanford will keep the donations ? After all,they teach ethics there and it's only from working people and only their savings...
Stanford has returned the money.
@@c-pjawa2759 woohoo 🎉
I must be a bit cynical...
@@c-pjawa2759They have said they would return it but hasn’t been accomplished. Keep
in mind they got FTX funds in large amounts over a couple of years not one lump sum.
The cherry of top is that she's a professor of legal ethics...
Patrick Boyle is an absolute master of passive aggressive humor. "Actor Kevin O'Leary", "That's is because philanthropy always becomes a struggle for the bankrupt" and "Unlike some of FTX's other executives (shows picture of kindergarteners)"
Agree
I wonder if Prof. Bank an has also been advising the Biden family?
Patricks humor is drier than the Gobi Desert
@@elliotoliver8679 Olive, two onions, very dry martini, not even shaken .
Btw Kevin O’Leary hasn’t criticized SBF to this day. O’Leary either doesn’t want to anger SBF thinking SBF will reveal something about O’Leary relating to fraud or,,,, never mind there is not “or” because that’s it.
Imagine someone takes your money and gifts it to his parents. When you ask his parents to return the money, they decline, stating they need it for their son's legal defense because you're suing him for stealing the money he gave them. You are literally financing the thief's legal team.
exactly the same happened with the billion dollar tax fraud scandal in europe. Apparently tax authorities around europe did not do any checks whatsoever, when someone requested to get refunded prepaid tax from stocks. Its a stupid thing to explain, but essentially sometimes you automatically pays taxes on your stocks, with the risk of it being wrong because of country. Its usually just a question of which country is supposed to get the tax.
So these guys just send in requests for billions of dollars over the years, and tax authorities just paid them, no questions asked. In many cases, they did not even own any of the stock in question. Still able to get refunded tax :D
When it comes to get the money back, the states are up against a wall. For example one dude made a deal to pay a third of it back if Denmark did not pursue a lawsuit. Tax authorities accepted. :D :D :D :D
Its extremely stupid, how if you are just rich enough, its almost impossible to win a case like this against you, without taking a massive loss in legal fees. So essentially just steel enough money and you are almost untouchable , and the government will even agree for you to keep most of your loot .......... :D .........
J strikes
@@ntl9974 Tru dat
Exactly. All of SBFs legal fees have been paid with stolen money.
@@jonaswox and my guess is most of these types have four Passports in three different names, so they can "bail" to back home and since it's a "civil" matter, not criminal, they won't get even an attempt at extradition, IF their home country even HaS an extradition Treaty.
I cant stop laughing over the irony that Bankman-Fried's parents were professors at Stanford in compliance and ethics. 🤣🤣🤣
under the infamous George S. sam was next top donator to Joes 2020 election😮
Those are degree majors you can fake your way through
Sounds like another pair of those hardbitten anti-goverment cynics that are so popular nowadays. They rail that rich people and politicians can get away with anything, proceed to commit crimes themselves and melt down when it inevitably falls apart. Every time I hear them spout nonsense it's like watching an imminent car accident in slow motion. You're like, go ahead and try it then, see what happens. They either don't have the cajones or this happens.
Those who can, do. Those who can't, teach.
how can you learn the rules otherwise?
“Partner in crime of the non-criminal kind.”
-Stanford Professor
Definitely the criminal kind.
Id say that was a "Freudian slip" 😢
Remembering Leona Helmsley who famously said "only little people pay taxes" looks like the Bankman Fried family took a page right out of her playbook One of their main focuses was to avoid taxes with their "gifting" of 10 Mill and 19 Mill property scheme. Yah Barbara Fried is the perfect person to teach an ETHICS class at Stanford.
Leona was prosecuted by Rudy!!!! Imagine Rudy being tough on rich people!!!
Imagine going into debt of hundreds of thousands dollars to pay Stanford scholarship just to be lectured by these crooks. I think their students should be eligible for a refund.
No, that is whole point.
Well said, alexsandrakk!
😂😂😂😂😂well if you put it that way Sir!
That might be the realistic thing I've read all day! Since miss freid likes to blame bad outcomes on circumstances, upbringing and influences so much, can the students blame her for their debts or possible unemployment?....
Lol. People at Stanford don’t really have debt cause they are rich or they are poor. It’s free if you come from family making 100k or less. Then it’s fairly progressive too
“Putting your mom on this” was just incredible. The entitlement and unscrupulousness of this family is off the charts.
J
Survival mode
"Son you're ONLY giving me 200k a year! This is outrageous! I'd like to speak to the manager please!"
Head of ETHECS ,..... The mother?
It also made me sad for his dad
It’s clear who wore the pants in that family
The level of greed in this country is absolutely disgusting. It needs to stop and people need to be held accountable.
You are not wrong.
Way to call out the Bahamas.
There are many, many honest people. They rarely make headlines
"Actor Kevin O'Leary" - Patrick Boyle
😂 Good one, Patrick!😂😅
A great Canadian and a born comic, Kevin. Canada is sooo proud. Exporting actors since Hollywood began.
The fact that she teaches attorneys ethics, Explains a whole lot about the state of the legal system and the financial system in america.
I can't help wonder😂
This immediately made me think of Francesca Gino
Absolutely spot on.. 😅😅
I once worked contract for a company that was founding, with their known bankruptcy date, but their purpose was for ONE SINGLE TRIAL. So, they were the business of ONE court case. The company was going to rack up bills, and leave them unpaid, AND....they worked for the prosecution accusing ... of something unethical. I got out of there.
The apple does not fall far from the trees (parents).
His parents are geniuses until it comes to knowing what their son was doing. They're complicit.
They knew what was up. Very smart people are just that. Very “smart”
I'll fix that up for ya. "His parents are geniuses *even as it comes to knowing what their son was doing."
Agreed. They're complicit.
Did SBF ever have any chance to turn out a decent human being with parents like this?
They created the bomb that went off in FTX.
oye vey
They certainly can't claim ignorance of the law bahahahaja
They were a very bad influence. Sam was paying his father $200k a year. His father send Sam an angry email saying that wasn’t good enough. Sam then bought his parents a $2m condo and gave his father $2m in cash. I think this helped created a culture of financial immorality within the company.
Wow I didn't know that
So basically don't blame Sam at all!
They are all guilty! 😢
His parents are a real piece of work. Wow
2 sociopathic parents raised a sociopathic son, not very surprising.
Of course they believed they would get away with it, they were the "smartest guys in the room".
Totally had nothing to do w their religion and culture which teaches them they should take everything the can from the gentile. No, def not
You mean the religion of antiCommunism/antiMarxism/antiSocialism/free market Anarchy i.e. Capitalism? Yes. THAT religion.@@johnanon658
@@johnanon658 you are an idiot. How wonderful that you have an entire race to proudly hate to distract some from noticing.
@@johnanon658 There were a sizeable number of Jewish people associated with this scam. I'm not antisemite, but this aspect of the case is quite noticeable.
I see a lot of academics are like that. That's why you see them as analysts and contributors to [insert favorite 'news' show here]. All to add credibility.
I love how Sam’s mother forced, I mean ‘encouraged’ Sam to steal money and give it to, I mean, donate money to her favorite Effective Altruism charity, I mean, slush fund.
😂😂😂👍👍
You can really see just how someone like Bankman-Fried learned to believe that the rules don't apply to him.
Your deadpan delivery of jokes is fantastic.
I live in Palo Alto and my wife worked at Stanford for a long time. We can both totally see how these parents were complicit given the culture at the school. A lot of it is just a veneer. They should be in jail too.
I’m from Los Altos and had family/family friends who worked at Stanford, I’ve spoken to a few of them about this and they said they weren’t surprised.
People in high positions get arrogant, especially when money becomes involved in things.
Woww
@@deedeeramone34I’m surprised. The people I know at Princeton have an “honor code” that they contribute to and follow. They’ll stick by it even if it bites them in the ass. For example, they have a free speech clause, and have explicitly punished people *they agree with* for trying to go against that. Maybe it’s just a California culture thing?
These people are also scientists-so maybe not quite as bad as lawyers?
It's the same at Stanford, but every individual is different. There will always be bad eggs.@@jacob9673
@@jacob9673Dude. Do you need a list of people from Princeton that have violated ethics codes and committed similar behavior?
Youre blind as hell if you genuinely think its just a magical California thing that people are corrupt.
When you have the level of education that both parents have and they say they don’t know. It seemly isn’t believable. The level of corruption is mind staggering.
Moral and legal...
I just watched this today after SBF has been found guilty of all counts. I had no idea SBF’s parents were so involved with FTX and it certainly appears that they were getting money stolen from FTX depositors. What’s particularly disturbing is that SBF’s parents should have known better to be part of the FTX fraud yet greed appears to have taken over for them.
“The actor Kevin O’Leary” 😂 loved that shade
SBF is almost exactly the sort of person I would expect Stanford professors to raise.
Lol you’re the type of genius I’d expect from (pick a color) trash to raise.
@@joec8942 you got a license to ride that dick bro?
Stanford is surrounded by venture capital funds and the masses of people seeking funding. This is exactly what I expect to come from both parents being professors there.
He looks stupid to me
Worlds smartest people get financial backing prior to or after starting businesses. Who would have thought!?!?
Another scandal for Stanford uni professors involving ethics
Thanks for reminding me. I had recently watched some yt videos on data fraud on their President. There was some Harvard person in this too. In fact there is a large problem with data manipulation in the scientific community. The bad thing is that these studies are what public policies get based on. 🤦♀🤦♀😠😠
what are the other scandals?
@@grasstastesbad In the last 5 years or the last 130?
Let's see... in no particular order...
1. David Starr Jordan (Founding President of Stanford): Eugenicist, racist, and possibly covered up the murder of Jane Stanford.
2. Stanford Prison experiment: Under the watchful eye of Prof. Zimbardo, test subjects pretty much went Gitmo on other test subjects.
3. Stanford hammer murder: Math PhD student ritualistically murdered his thesis advisor after being kicked out of a math program after almost 20 years. What's really telling is that the jury only convicted the student of manslaughter because they felt that he had been so horribly mistreated (this despite the student showing no remorse and the case exhibiting most characteristics of a 1st degree murder).
4. Hiring William Shockley... Yeah, he's a Nobel Laureate, but he is also a sociopath who ran the people who did the work for that Nobel prize out of Bell Labs and Silicon valley was built by the post docs he ran out of Shockley Semiconductor. By the time Stanford hired him, he had moved on from device physics to Eugenics...
However, most of this is ancient history. More recently.
5. The relationship between various Stanford faculty and Elizabeth Holmes.
6. Stanford President's data fabrication scandal. (note: that the scandal the OP may be thinking is actually Harvard's Francesca Gino, who did data fabrication while studying the ethics of cheating... This sort of blends in with the Stanford President incident because they happened at roughly the same time.)
Honorable mention, despite not having professors involved, goes to the Stanford Sailing team in the varsity blues scandal. Yeah...
Theranos
Consider doing a video on Stanford University along the lines of your take on Forbes’ “30 under 30” lists.
Shame on Stanford.
The problem with teaching ethics at law school is there are no lawyers qualified to teach it.
By "ethics" they mean the minimum amount of ethics required to avoid incarceration. Notices that SBF's parents aren't currently facing any criminal counts, so apparently he knows his stuff.
hahahaha so true hahaha
So you are saying all lawyers are unethical? FUCKHEAD
It's jewish ethics. If you can get away with stealing something, its because the other guy was stupid and deserved to lose his money. They use our language, but the words mean different things to them.
😅😅😅😂😂😂. This family and FTX employees need to have their assets FROZEN.
Just the fact that you called Kevin leary an actor melts my heart, and that picture is forever embedded in my mind, Thank you
an actor, avec no pants. and a Canadian WIThOUT the comedy chops of Patrick
Less than 1 minute into the video and we already get a stab at Kevin O'leary, what a treat.
I had to check that part again, funny stuff
Patrick nailed it!
I loved that part. Laughed hard when I heard Patrick say that. Too perfect.
I almost spilled hot coffee on me when you dropped the line "actor Kevin O'Leary" 😂 thanks professor
Your research as to the subject would be so excellent as to completely clear up just exactly who would be the brains of the outfit in that fraud. The parents would think nothing of, in total setting up their own children to take the total impact as to the fall in the parents scam. Those children would truly have parents that could only be described as the ugliest of monsters. Your total actual research could only be described as to be the best report on a subject that I have ever heard. A real gentleman! Thank you!
So insane that parents and sons thought they were like superior to others. Patrick, your humor is the pearl in this oyster.
I mean it's literally part of their religion, goyim
No one is superior to others, it's an illegitimate concept, but they and their kids are definitely superior they'll let you know
That's simply how (((some groups))) are. They learn from a young age that people who aren't them are similar to 'cattle' who exist to the benefit of the chosen group.
They think they are so smart that they can talk their way out of this mess
They’re the chosen people
It’s a sign of our times that Patrick Boyle’s videos are more entertaining and informative than anything put out by Hollywood, New York Times, PBS, BBC, etc. Thanks Patrick. ❤
Thank you for supporting the channel!
Entertaining is quite the stretch
you couldn't just make it $20, you people are so difficult🙄
@@draco2xxthat .01 was used to tip the non binary woke barista
Indeed
His mother was a law prof. on legal ethics?Sounds like a oxymoron .I hope she`s proud of her son.
One hundred hidden millions proud.
she's very proud of him!!
She should turn herself in ...... ahead of the indictment 😊
@@ResortDogfr what's his fine 50 million lmao
His parents knew all along. Send them to jail.
Sounds to me that they are the architects, maybe even had kids in order to pull off this heist! 😮
"If your kid's hobbies are large scale financial fraud, money laundering, bribing politicians and league of legends..." best sense of humour 😂
yea, and he even kept a straight face when he said it.
I believe SBF financial fraud was a great art of "Bullshittism"
😂😂😂
A true Boylism
maybe encourage them on LoL.. purses are big these days...
It almost seems like SBFs parents thought that even if their son was charged with white collar crimes, they could finagle their way around the problem with various forms of legal sophistry. Either that or they are economically deluded and morally obtuse.
This is a day in the life of a Northern California..
Both? Both! Both is good…
Lil road to El Dorado reference there
Jus 🇮🇱 things
They can't be both finaglers & morally obtuse & deluded? Of course they can be!
I say we lock them in their home minus any electronic devices & ramen only for one year.
All three.
'This is not a great thing to have in writing...' hahhahahahha, i am so done with Patrick's dry humour. Great video.
“Wood Nymph”. I almost fell off my chair!
Parents: "We weren't involved with FTX."
Patrick: Has to take 30 minutes to very superficially describe how not involved they were.
Nearly credit swiss level of guilty.
Sounds like how”not involved “ was Biden
in his son’s frauds, in my opinion.
The employment positions of SBF’s parents in itself are the biggest conflicts of interest their could be. Smh..
Thank you there's no way that these parents are completely clean in this because obviously they transferred things to cover things up and get out of the country
I emailed my boss' mom to negotiate for a pay raise. Thank you Patrick for the tip! Will update with results!
So... Did it work?😝
We want to know 😂
don't leave us hanging, did it work?
And these are parents who have always advocated for higher taxes....for you, not them.
Higher taxes for others, while they themselves dodged tax laws.
Truly the classic standford lawyer power couple.
A family that steals together, stays together.
His mother taught “business ethics” 😂😂😂😂😂😂😂
On the million dollar salary for his dad:
“…And that’s probably a good negotiation tactic. Email the boss’ mom, I hear that always works.”
I love Patrick’s humor.
🤣The leverage is unbeatable.
At least his dad wasn't a Vice President of a big country.
I don’t think the parents were the masterminds but they were far and away the individuals with the most knowledge of how deeply immoral and illegal the whole operation was while benefiting financially. They deserve to be behind bars as much as anyone at FTX.
"I don’t think the parents were the masterminds" 🙃
It sounds like it was a legal/ethical/technological triad that earned an extremely large amount of money initially. Then the corruption spread. It is such an easy delusion to think you are special and outside of norms. I'll bet half the people reading this think they too are special, if the circumstances presented themselves.
@@tharan000 I have it on good authority that I'm special, my mum and the short bus driver told me so.
I mean, like all crypto fans the parents were idiots, so "mastermind" is a bit of a stretch to call them, but that they were intimately involved in fraud is hard to dispute.
You don’t have to be the “mastermind” to benefit and profit from theft.
This answers so many questions.
SBF's parents should be facing the law as well!!
I have no idea how Boyle does such thorough research on such dense topics. Extremely impressive.
He is definitely knowledgeable in this field.
He does do good research, but this particular video was mostly just summarizing what was written in the lawsuit filing, no?
He's a professor, that means he has minions in the form of students!
And very humorous as well... dry as the Sahara.
Mr Boyle to you.
I used to judge SBFs hairstyle then i saw barbara fried and it was "Ahhhh" moment. 😂
They only have time to scam people of their money
😂😂👏👍
Wow I saw it and it didn't even consciously register.
the wood nymph picture and joke will never not be funny hahaha
Thank you this detailed reporting. Appreciate your detailed coverage .
I kinda figured they were in on it. I mean, it's hard to hide mass scale financial fraud when you live in your parent's basement.
@@dans2971 Right you are.
"the actor Kevin O'Leary".......
not a video goes by without ridiculing Mr. O.
do not be confused with the actor Dennis O'Leahry
Well... since the Credit Suisse is gone...
Kevin O'Leary. Mr Wonderful?
I busted out laughing at "The actor Kevin O'Leary..." @ 1:06
Gold as always
This video is straight-up fire! You're spitting some real knowledge, and I'm all for it. You're a real scholar, and you're doing a great job of making complex concepts accessible to the masses. It's clear that you've got a deep understanding of the subject matter, and you're able to communicate it in a clear and concise way. You're not afraid to express yourself authentically. You're a role model people everywhere, and I'm glad to see you using your platform to educate and empower others. It was so good, I had to leave a review. I'm not one of those fake ass bots, I'm a real person, and I'm telling you, this video is the real deal.
Entire family is corrupt. Expect to see them running for office before long.
He's gonna have to go the right wing route and say the RADICAL left blah blah but I KNOW how to fix it. Or the Democrat route. The right is going to bankrupt us all but I can save YOUR money just give it to me and I'll take good care of it
Maybe, at some point in life, we must all accept that there's never such a thing as a lone actor on wrongs of this magnitude. It takes a village to commit crimes this large, layered, and sophisticated.
Are these creeps friends of Elizabeth Holmes and her family?!?!?…. Maybe cousins.
true
It’s only stupid ppl that vote , real ones fight the crooked system
Im just happy the parents were smart enough to well document every single illegal money transfer, made it so much easier for the investigators to follow the money trail.
Bravo and brava! Well done!
Patrick Boyle never fails to amuse as much as he tries to be serious about a serious matter.. we cannot deny that the biggest fraud case has been done by a bunch of nerds sharing one girlfriend is kind of humiliating
Professors of Legal Ethics and Tax Law at Stanford. Oh the irony.
Stop it.
It antisemitism.
Stop noticing things for your own sake.
Its not irony. Its sincerity. Stanford is evil and corrupt. They were educated to do exactly this
Just what you might expect.
Every time, it seems absurd.
When it happens, we tend to ignore.
Simplicity itself.
I could see how the house could accidentally be put into his parent's name. What happened was that Sam was at the time playing a game on the playstation and another game on Xbox and at the same time he was signing papers and quoting shakespear from memory because he is a genius. He had a pile of papers clipped together and mistakenly signed over the house to them. This mistake is called the genuis bloop.
Sam has said we shouldn’t read books 😂
Why people keeps saying he is a genius. He is a fraud and a thief.
At least he could've signed a couple million in "gifts" over to me, a roll of the dice i guess :(
He might have another genius brain freeze and sign over his mother's house to you from jail@@RaptorTroll360
Quoting Shakespeare from memory does NOT a genius make.
SBF is a math whiz. And him playing 2 video games at once - uh, can we say grow up, little boy? - and signing serious legal contracts/papers stuck in front of him at the same time isn't even in the "genius" ballpark. The multi million dollar homes, condos, apartments these kids were living in and the shameless way they threw money around was astonishing. And getting ol Sammy boy a nice prison cell for himself + one for his HAIR. Bye bye, Sam.
Love the understated humour of Patrick running throughout this video.❤
Never heard of Patrick, probably because I can't keep up with advanced math, but this presentation was so clear, articulate and well explained I almost understood this complicated tangle. You really have to have a special brain to understand it, and like the Bankman-Frieds, wiggle your way around it.
Being an ethicist largely seems to involve trying to justify the most unethical and anti-social behavior, just spinning a whole bunch of words to rationalize attitudes those in power already hold/are trending toward.
Stanford, eh? Professors wandering around there right now must be shaking their collective heads. And reputations.
It’s called pilpul.
it's a habit of theirs. My husband's got ASPD and he reads and re-reads weird law loopholes and obscure ordinances/county bylaws in order to maximize the smarm and spite he can show society and cops without technically breaking the social fabric/trust. They have a distaste for authority and social hierarchy that keeps things moving and so they undermine it.
It is not a book ban it is an age restriction
Yes. Ethics is an inherently corrupt field whose practitioners carefully select a set of precepts that vaguely seem appealing but always contain suspicious gaps that permit or perhaps even mandate things that the "rubes" would consider grossly immoral.
I love how everyone involved is shady. His parent's employers are also implicated. This is hilarious!
Sad, really
This guy’s dry humor is so funny. Plus an excellent summary of the parents
It’s sad that the entire FTX debacle could have been avoided had Sam been counselled early on by a business ethics lawyer.
one that's not a crook
SBF not being counseled is not the problem, SBF being a spoiled greedy self absorbed narcissist sociopath is.
@vishsagi2011 Dad said to me: If I haven't instilled honesty, a work ethic, and fair play by your age today, 13, it wont' happen.
As a lawyer of almost 30 years who has done tax, trust, and asset protection planning for the last 15, I suspect two practicing corporate compliance lawyers would have a far better chance of actually pulling off some funny business than two law professors would. Corporate law practice is a completely different world from government and academia, although admittedly tax might be the area where these worlds overlap somewhat.
It's almost impossible to believe Sam's parents knew ANYTHING about their son's business dealings. Just ask Joe Biden.
Agreed. There is a big difference between theory and the reality of implementing a plan.
Agreed, but the lack of real world experience in the various schemes and transactions is eclipsed by the utter lack of morality, disregard for investors, and concerns about breaking the law.
As a PhD who taught Business Ethics at universities in philosophy I have no doubt you're right. The parents should pay the price for their ironic stupidity
They would be knowledgeable enough to know to ask the right questions and seek out the correct lawyers for their needs. They were not paying so cost was not an issue.
The apple never falls far from the tree, aye.
As always excellent, and I totally appreciate the dry humour you distil!
What a great summary of his parents' alleged involvement, allegedly.
I allegedly learned a lot from this.
Thanks a lot. You do a great job!
From the earliest reports on SBF/FTX the articles were mentioning his parents. It seemed to me, just from the reporting, that a lot of folks had the impression that his parents were a lot more involved than appeared on the surface.
I'm surprised his parents didn't get him on the Stanford Women's Rowing team with Pell grants.
The level of ripping off of customer monies of customers deposits by the parents is breathtaking. They were greedy and corrupt.
Your financial analysis and reporting is fantastic, your humour LEGENDARY, That you Patrick and a very Happy Christmas 🎉🎉🎉
Boy, I'm sure thrilled that people like this have been training our most expensive and powerful lawyers for years. What better vanguard against systemic corruption and privilege could you possibly have?
Right and wrong have some how been redefined, and now the bible doesn't matter ..... WRONG ! !
@@carlmorgan8452what has the bible got to do with anything?
Mom and dad need to be indicted.
Yes.. for *for, for sure*
❤ if only there was justice
Oy vey op, they were innocent bystander holobalunga survivors
i've watched loads of videos about ftx and what went wrong - but i hadn't heard any of this before. thanks so much for this!
I was always upset my parents weren't good math students themselves and thus couldn't help me with my math homework. This guy had his parents, both of them, help him all the way up to CEO of a billion dollar company, still screwed up, and is probably going to jail for 100 years. Damn. I love you, mom and dad!
If he sits more than 5 in some min sec hotel with tv, gym, chocolate and cake from mom, etc I'd be most surprised
It is even worse that his parents were doing this since they have a life time of experience and should know better.
@mipmipmipmipmip no jail yet😀
I had to stop and catch my breath after you said “The actor Kevin O’Leary…” 😂😂😂
Clean out the criminals.
Thank you for this analysis
1:05 "The actor Kevin O'Leary..." Thank you. I was beginning to think it was just me!
Barbara and Joseph, both of whom have been the subjects of misunderstanding, have diligently engaged in their scholarly pursuits at Stanford. Anticipate forthcoming publications on thought-provoking topics such as "Exploring the Boundaries of Unethical Conduct within the Realm of Legal Ethics" and "Strategies for Applied Tax Optimization."
mark my words, in a few years, these two will be in TED talks explaining how this "tragedy" empowered them as a family and compliance and ethics professors, and they'll publish a few books which will be NY's bestsellers.
"If your children's hobbies are [...] playing League of Legends [...]"
You sir, *are* a legend.
I was still hoping for superior Wood Nymph analysis- despite the very clear title!
Always a pleasure.
Articles before the downfall gushed over SBF's parents. So brilliant, so philosophical, so ethical!!
🇮🇱📰 talking about 🇮🇱👩🏫🧑🏫
They raised a billionaire effective altruist who drives a Toyota. Wouldn't you gush over them too?
You're a legend. I love your dry humor. "Maybe get your kid a ball." I can't get over SBF's mom's job description 😂.
Maybe put your kid in ballet😅😂🤣
Put them in jail too.
I am so happy with the amount of youtube videos being made on these scammers. There are so many sympathy articles out there for SBFs parents it's unbelievable. They should be on trial just as much as their son.