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Sam Bankman-Fried's mom asked him for $92,000 — to be delivered within a day. I can (sort of) relate.

Jul 6, 2024, 03:42 IST
Business Insider
Sam Bankman-Fried and his mother, Barbara Fried, who asked him for $92,000 for political causes, emails reveal. Tom Williams/CQ-Roll Call, Inc via Getty Images; Michael M. Santiago/Getty Images

Earlier this week, I found myself in a moment as a parent I am not proud of. My child lost a tooth right before bedtime, and the Tooth Fairy found herself completely out of cash (who carries cash now?!).

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So, in the dark of night, I snuck into my son's piggy bank, stole a crumpled $5 bill, and placed it under my sleeping angel's pillow. Yes, I felt horrible.

(A note for him when he's old enough to google his mom and comes across this: Son, let's talk about this.)

In some ways, I thought of my turn as the Tooth Fairy/piggy bank borrower when I read The Wall Street Journal's scoop published Friday about Sam Bankman-Fried and the political donations his company funded. The Journal said these donations were quite a
"family affair."

The story mentioned something that might otherwise seem unrelatable to most parents: hitting your kid up for a huge chunk of money.

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The Journal looked at emails that had previously not been reported where Joe Bankman and Barbara Fried discussed political donations. (Their reps didn't immediately return my request for comment.) It's a complicated story, which you should read, but this part is what really stuck out to me, where SBF's mom emails him and another FTX exec, Nihad Singh:

As a mother who has "borrowed" money from her own child's piggy bank, I can relate. The cheerful email, the slangy phrasing of asking to "hit you guys up" for the money, the extra exclamation point inside a parenthesis — I relate! Just … maybe not the part about it being $92,000.

Read Now: Sam Bankman-Fried's Campaign Spending Spree Was a Family Affair (The Wall Street Journal)

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