The Importance of Ethics

Bankman once boasted to a friend that his father had dutifully recorded every cash receipt. He wrote three case books on tax shelters and tax evasion, becoming one of the country's leading experts on the subject. Peter Teal later told Bankman that his tax law class was his most valuable because he was able to put a lot of his Facebook stock in an IRA as Bankman would later recall in a podcast. His modest feat of financial engineering would save Peter Teal more than a billion dollars.