Mother of Disgraced Crypto Billionaire Sam Bankman-Fried Is a Democratic Fundraiser Who Once Wrote Essay Blasting ‘Personal Responsibility’
The mother of former FTX CEO Sam Bankman-Fried is a law professor and Democratic fundraiser who once wrote an essay decrying “personal responsibility.”
The cryptocurrency platform filed for bankruptcy last week after users discovered that adjacent trading firm Alameda Research had allegedly been using consumer holdings from FTX to make investments. Following the incident, in which billions of customers’ dollars may have been stolen, the life of Bankman-Fried has come under scrutiny.
Barbara Fried, the mother of Bankman-Fried, is a law professor at Stanford University who has written about “questions of distributive justice” in areas such as tax policy and political theory. She also runs a political action committee called Mind the Gap, which fundraises for the Democratic Party among executives in Silicon Valley. The organization raised nearly $4 million in the most recent midterm election cycle, according to data from Open Secrets, which showed that FTX Director of Engineering Nishad Singh made a $1 million contribution.
Facebook co-founder Dustin Moskovitz and former Google CEO Eric Schmidt have also backed the organization, according to a report from Vox, which described one of the entity’s purposes as avoiding “public detection.”
Bankman-Fried himself contributed nearly $39 million to various campaigns during the recent midterm elections, with 99.6% of funds benefiting Democratic candidates, according to more data from Open Secrets, which listed him as the nation’s sixth-largest individual midterm donor. He was previously the second-largest contributor to President Joe Biden amid his successful bid for the White House. (Read more from “Mother of Disgraced Crypto Billionaire Sam Bankman-Fried Is a Democratic Fundraiser Who Once Wrote Essay Blasting ‘Personal Responsibility’” HERE)
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