The fallen crypto king will spend house arrest in his parents’ Palo Alto, California home located steps from Stanford University, where they’re professors.
Joseph Bankman and Barbara Fried, who are Stanford Law professors, purchased the home in 1992 for about $700,000 — some $1.5 million in today’s dollars — records show.Made up of four bedrooms and three baths, the home briefly hit the rental market in June 2013 for nearly $14,000 per month. By the end of the year, the home was up for rent asking a slightly less $12,000 a month.
FTX founder Sam Bankman-Fried leaves Manhattan Federal Court with his father, Joseph Bankman, after his arraignment and bail hearings on Dec. 22, 2022 in New York City.The living room features a fireplace.The study with built-in bookshelves.Spanning some 3,000 square feet, features include a dining room with a white brick fireplace, an updated kitchen with an expansive island, a large living area — also with a fireplace — and walls of windows.
US District Judge Gabriel Gorenstein signed off on the deal Thursday, allowing the disgraced FTX founder and ex-CEO to leave New York for his home state.
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