By Elizabeth Lopatto , a reporter who writes about tech, money, and human behavior. She joined The Verge in 2014 as science editor. Previously, she was a reporter at Bloomberg.
The lawyers who represent what’s left of FTX filed suit against Sam Bankman-Fried’s parents, saying they “exploited their access and influence within the FTX enterprise to enrich themselves, directly and indirectly, by millions of dollars.” The point of the suit is to get that money back so it can be paid out to the people FTX owes.
Before all this, Barbara Fried and Joseph Bankman were already well-known and respected Stanford Law School professors. Last week, Bloomberg dropped a fascinating profile of the two of them.
Fried “has written extensively on questions of distributive justice, in the areas of tax policy, property theory and political theory,” according to her Stanford profile. She also ran a donor network for Democratic candidates. Of note: Fried is a philosopher who is interested in consequentialism, which “is about doing good for as many people as possible, but a less charitable way to summarize it is ‘the ends justify the means,’” the Bloomberg profile noted.
Bankman “gained wide attention for his work on how government might control the use of tax shelters and has testified before Congress and other legislative bodies on tax compliance problems posed by the cash economy,” according to his Stanford profile. He was also involved with Massachusetts Senator Elizabeth Warren’s 2016 bill to simplify tax filing.