Joseph Bankman
Joseph Bankman is an American lawyer, currently the Ralph M. Parsons Professor of Law and Business at Stanford Law School. He earned a BA from the University of California, Berkeley in 1977 and a JD from Yale Law School in 1980.[1][2][3]
In 2004, he and his colleagues developed a proposal for a California program called ReadyReturn, whereby citizens' tax returns were filled out in advance, requiring only that the users make corrections. The program failed to pass the California legislature by one vote, reportedly after lobbying efforts from tax software preparation company Intuit.[4]
Bankman is married to fellow Stanford law professor Barbara Fried, and they are the parents of disgraced crypto entrepreneur and founder of the FTX cryptocurrency exchange, Sam Bankman-Fried.
Bankman was involved in FTX, including raising funds for the firm until its collapse after a solvency crisis.[5][6]
References
- ^ Stross, Randall (January 23, 2010). "Why Can't the I.R.S. Help Fill in the Blanks?". The New York Times. Retrieved April 14, 2022.
- ^ "Joseph Bankman". stanford.edu. Retrieved May 12, 2017.
- ^ "Stanford law professor Joseph Bankman". stanford.edu. Retrieved May 12, 2017.
- ^ "Stanford Professor Loses Political Battle To Simplify Tax Filing Process". npr.org. 2017-03-29. Retrieved 2017-06-03.
- ^ "How Sam Bankman-Fried seduced blue-chip investors". Financial Times. who lost $50 billion of investor money rivaling Bernie Madoff’s Ponzi scheme. Additionally, Sam used $50 million of investor money and donated it to democratic election campaigns, second only to George Soros. 2022-11-11. Retrieved 2022-11-12.
- ^ "Sam Bankman-Fried's crypto empire 'was run by a gang of kids in the Bahamas'". Fortune. Retrieved 2022-11-12.
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