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Stanford Shutting Down Streets, Adding Security for SBF’s Return

Written by Liz LindqwisterPublished Dec. 22, 2022 • 6:02pm
FTX founder Sam Bankman-Fried (center) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau. | Mario Duncanson/AFP/Getty Images

English

Stanford University is adding extra security and shutting down some streets around Sam Bankman-Fried’s family home, according to a university spokesperson.

The Bay Area native will be held under house arrest at his parents’ cushy 3,000-square-foot home.

A Stanford spokesperson said the road closures will be “temporary and limited,” designed to have minimal impact on student life. Most students are not expected to be back on campus until Jan. 7.

The Bankman-Fried household sits just feet from undergraduate residences, including its closest neighbor, the quirky “naked, pagan and vegan” dorm Synergy. Its prime location nestles it just behind the university’s Fraternity Row, and across the street from the president’s mansion. 

Barbara Fried and Joseph Bankman’s home at Stanford University | Benjamin Fanjoy/The Standard

But given the crypto founder’s public notoriety, a media circus may descend upon the family’s home. If that’s the case, the close proximity of Bankman-Fried’s house to student residences may cause a security headache for the already beleaguered university

Bankman-Fried was released from federal custody by a Manhattan court Thursday, on a record $250 million bond. The Bay Area native was arrested in the Bahamas earlier in December, and extradited to the United States Wednesday. He faces a slew of fraud charges, filed by multiple federal entities.

English

Liz Lindqwister can be reached at [email protected]


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