James Cirrone

After the FTX debtors sued Sam-Bankman-Fried’s parents Tuesday, Stanford University was found to be tangled up with FTX funds.



Stanford received more than $5.5 million in donations from the FTX Group, which were allegedly directed to the California university by Joe Bankman, SBF’s father and a longtime faculty member at Stanford.



In a statement sent to Blockworks, a Stanford spokesperson acknowledged the donations and pledged to send the money back to the debtors.



“Stanford received gifts from the FTX Foundation and FTX-related companies largely for pandemic-related prevention and research. We have been in discussions with attorneys for the FTX debtors to recover these gifts and we will be returning the funds in their entirety,” the spokesperson wrote.&nbsp;



Bankman, a tax lawyer, served as a senior advisor to the FTX Foundation, the philanthropic division of the former American crypto exchange.&nbsp;



Bankman’s job came with a $200,000 salary and a possible “discretionary bonus,” according to the Tuesday suit.



The suit alleges that Bankman “led the charge” in steering $5.5 million in funds to Stanford from November 2021 to May 2022.&nbsp;



It also details the numerous times he apparently tried to send money originating from FTX and Alameda to Stanford.&nbsp;



“Bankman owed a fiduciary duty to FTX Trading, Alameda, Alameda Ltd., and FTX US, and each of their subsidiaries and affiliates,” the debtors wrote.&nbsp;



They continued, “Bankman’s repeated efforts to direct funds from the FTX Group to Stanford University constitutes a flagrant breach of those duties, as they effectively enriched Bankman’s employer (Stanford University) at the expense of the FTX Group.”



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Stanford University to return FTX donations worth $5.5M

Liz Coyne

In the latest episode of Blockworks&#8217; new podcast &#8220;<a href="https://www.youtube.com/watch?v=NmgxAi1vvkM" target="_blank" rel="noreferrer noopener">Generational Arbitrage</a>,&#8221; Tyler Neville speaks with Nick Halaris is an Investor, civic leader and the founder of Metros Capital. 



Tyler and Nick discuss the fate of the real estate market, and who foots the bill when pension funds run out of places to look for yield.



They cover:



<ul class="wp-block-list"><li>The real estate view of macro finance </li><li>How does QE impact housing/real estate</li><li>Energy efficient housing development</li><li>What does inflation do to real estate?</li><li>Why young generations are leaving their jobs and their cities</li><li>How do teachers afford to live where they teach?</li><li>Pensions go looking for yield in wild new places</li><li>How does persistent inflation affect these assets?</li><li>How Covid-19 changed the economy for good</li><li>Homeless housing in LA, twice the price of a family home</li><li>Thoughts on BTC and the metaverse</li></ul>



Check out what they had to say in the video below. 👇



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<iframe loading="lazy" title="What happens when Real Estate prices Soar? | Nick Halaris" width="1024" height="576" src="https://www.youtube.com/embed/NmgxAi1vvkM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</div></figure>



The social fabric of contemporary American life is tearing itself apart. On &#8220;Generational Arbitrage,&#8221; once a week, Tyler Neville, author of Blockworks&#8217; smash hit <a href="https://cms.blockworks.co/newsletter/" target="_blank" rel="noreferrer noopener">Daily Newsletter</a>, digs into the institutions whose promises are left unfulfilled. The generational imbalances are vast and very few can speak out against entrenched interests. Let’s find them!



Episodes are released every Friday morning.&nbsp;



Subscribe to Empire today on&nbsp;<a href="https://podcasts.apple.com/us/podcast/generational-arbitrage/id1571134391" target="_blank" rel="noreferrer noopener">Apple</a>&nbsp;or&nbsp;<a href="https://open.spotify.com/show/1fPKtTSDvg7xzm8FaSljjL?si=1iHi3qpnSiCb34pwgd5hpQ&amp;dl_branch=1&amp;nd=1" target="_blank" rel="noreferrer noopener">Spotify</a>. Watch episodes on&nbsp;<a href="https://www.youtube.com/watch?v=tNe4cMKNEU4" target="_blank" rel="noreferrer noopener">YouTube</a>.