Jamie Loftus

So, yeah.

So yeah, now you'll, yeah, anyway.

So Sam, we don't actually know if he's completely bankrupt.

We know he took about a billion in payments and loans from FTX.

He claims not to really have any of that money and that he's working on getting what assets he does have to try to make a few more of the investors that they had whole.

That said, we know that a big chunk of the money that he made was funneled into real estate in his parents' names.

Um, so that's fun.

Speaking of his parents, one of the big early mysteries of his case was that when he gets out on $250 million bond, uh, his parents are signed onto the bail agreement with their house, uh, as collateral, but there were also two mystery co-signers and their house.

We'll be talking about this in a second is on the Stanford campus.

The two mystery co-signers were Larry Kramer, a family friend and the former Dean of Stanford, uh,

And Andreas Popke, who signed a $200,000 bond.

Popke is a senior research scientist at Stanford and an advisor to several Valley startups.

So Stanford is very invested, primarily because of who Sam's parents are in this case, which is interesting to me.

I think it's actually just that these people are close with his parents who are professors at Stanford and deeply tied into that community.

This has to just be like some sort of crazy mistake because they can't imagine he just it's so dumb and blatant.

Like all he did was rob people in order to like gamble.

Right.

Like fundamentally, there's not a difference between like him taking people's money, claiming that he's like got a sure stock tip and then gambling it in Vegas.

Like legally, there's no difference between that and what he did.

But they can't because his parents are like ethicists, basically, at Stanford.