SBF's parents donated FTX's illegal gains to Stanford? Senator blasts SEC chair nominee Atkins: Don't play dead and act like you don't know.

During a hearing on March 27 regarding the new SEC Chairman nominee Paul Atkins, Senator John Kennedy bombarded the SEC with criticism over the fraud controversy involving FTX founder SBF and his parents, questioning the SEC's past ineffectiveness and its protection of the academic community, even specifically naming Stanford University as a subject for investigation.

Did the SEC let SBF go? Senators criticize what is going on.

Kennedy opened by questioning SEC Chair nominee Atkins: "SBF is a fraud, and his parents are involved too. Has the SEC investigated this?"

He stated that, according to public information, SBF's parents are law professors at Stanford University, and they are suspected of also getting a share of the illegal proceeds from FTX, but so far there has been no SEC investigation against them. He bluntly said that this makes the American public feel that "the government is using double standards."

Kennedy said he would chase after Atkins to question him every time.

Kennedy further warned Atkins: "Every time you come to the hearing, I will pounce on you like a ninja to ask you about this matter, because I see that the SEC has done nothing at all!"

He emphasized that the SBF case is not an individual act, but involves the entire academic community and the relationship between politics and business. He questioned Atkins: "Do you really know whether SBF's parents donated the illegal proceeds from FTX to Stanford? Did Stanford return this money? Has the SEC clarified this?"

In response, Atkins could only reply modestly: "I haven't entered the SEC yet, and I'm not clear on the internal progress, but I will understand and report back later."

Is Stanford taking dirty money? Kennedy says SEC should stop playing dead.

Kennedy further questioned: "If SBF's parents transferred illegal gains to Stanford, should Stanford return this 'dirty money'?" He believes that if the SEC does not handle such an obvious matter, the public will not trust the government at all.

He also sarcastically said, "These two are professors at the chair level at Stanford, don’t you think this is quite exaggerated?"

The public wants fairness, Kennedy emphasized that the SEC cannot take sides.

Kennedy concluded that the FTX case has resulted in significant losses for a large number of investors, and now the SEC's responsibility is to provide an explanation to society. It cannot be lenient just because the individuals involved are professors from prestigious universities or part of the elite class. He emphasized: "American law should not have double standards, one for ordinary people and one for the wealthy and powerful."

(SBF's prison contemplation: very good friends with hip-hop artist Diddy, does not consider himself a criminal)

This article discusses whether SBF's parents donated FTX's illegal gains to Stanford? Senator lashes out at SEC chair nominee Atkins: Don't play dead as if you don't know. Originally appeared in Chain News ABMedia.