Looks like we have a new definition of chutzpah.
Barbara Fried, Stanford law professor and mother of alleged crypto crook Sam Bankman-Fried, has found some new “McCarthyites.”
In this case, the feds prosecuting her son and the people overseeing the bankruptcy of FTX.
The move came after a group of FTX debtors sued her (and her husband Joseph Bankman) to get back some of the millions they got from their son’s crooked business.
Maybe the legal theory article she wrote, “Beyond Blame,” was more of an instruction manual.
She did allegedly advise her son on how to beat campaign-finance-law disclosure rules and accept a free house in the Bahamas that looks like it was paid for with north of $16 million in shady money.
Hmmmm. Sure looks more like crony capitalism than the communism McCarthy was gunning for.
Look, we absolutely get that for altruism to be effective, it really helps if it’s backed up by big bucks.
Quick thought, though: What if that financial firepower came from something other than, say, fraud? (Just spitballing here.)