Monday, 20 March 2023

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Ex-Stanford dean says SBF’s parents helped his family battle cancer

Ex-Stanford dean says SBF’s parents helped his family battle cancer

The former dean of Stanford Law School who co-signed Sam Bankman-Fried’s bail said he considered Bankman-Fried’s parents “the truest of friends” who helped his family through a “harrowing battle with cancer.”

In an emailed statement to Cointelegraph on Feb. 16, Larry Kramer said he co-signed Bankman-Fried’s bail as a way to return the favor.

“Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s,” said Kramer.

Screenshot of Larry Kramer bio on Hewlett Foundation website. Source: Hewlett Foundation

He said that over the past two years, Bankman-Fried’s parents Joe Bankman and Barbara Fried, provided food and moral support while “frequently stepping in at moment’s notice to help” during his family’s battle with cancer.

“In turn, we have sought to support them as they face their own crisis,” he added.

Kramer emphasized that he had not been influenced to act as guarantor by any payments made to him by any FTX-related entity, noting:

“My actions are in my personal capacity, and I have no business dealings or interest in this matter other than to help our loyal and steadfast friends.”

Previous statements by Bankman-Fried reportedly corroborate this claim, with the former FTX CEO said to have denied that either of the two previously undisclosed guarantors had received any payments from FTX or sister-firm Alameda Research.

Kramer refrained from commenting on the legal predicament faced by Bankman-Fried, noting that this “is what the trial will be for.”

The other guarantor, Andreas Paepcke, is a senior research scientist at Stanford University, who did not respond to questions by the time of publication.

The crypto community has been searching the web looking for more details on Paepcke, but there appears to be little information connecting him to Bankman-Fried outside of their association at Stanford University — where Bankman and Fried used to be law professors.

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