I'm not sure how much trouble having parents at stanford gets you out of. Maybe he can get a good lawyer but losing 10B of client funds is going to have a lot of wealthy people quite upset with him. I'd imagine anyway.
Oh I completely agree. I don't think having two parents on the faculty at Stanford helps any more than having one parent on the faculty, which is to say probably not at all here. My comment was really just meant to be parenthetical to the OPs statement.