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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSam Bankman-Fried parents, relative and friend are making his $250 million dollar bail - bail record
His parents, Stanford Law professors Barbara and Alan Bankman-Fried, have agreed to put up the equity they own in their $4million California home, where he will live during his house arrest, as part of the bail requirement.
Two other people - one relative and one non-relative - will fulfil the rest of the bond. It remains unclear if he is required to pay the full $250million or a portion of it.
Bankman-Fried, 30, has been charged with a range of fraud and money laundering charges after allegedly stealing $1.8billion from his crypto-trading platform, FTX, to fund his own life.
Bankman-Fried's mother, Barbara, is shown arriving in court on Thursday
https://www.dailymail.co.uk/news/article-11567133/Disgraced-FTX-founder-Sam-Bankman-Fried-released-250m-bond.html
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NewHendoLib
(60,071 posts)![](/emoticons/hide.gif)
BlueWaveNeverEnd
(8,502 posts)![](/emoticons/laughing.gif)
dalton99a
(82,121 posts)Just watch.
samnsara
(17,741 posts)dalton99a
(82,121 posts)maxsolomon
(33,620 posts)I doubt he's going anywhere, though.
BlueWaveNeverEnd
(8,502 posts)![](https://i.dailymail.co.uk/1s/2022/12/22/19/65861415-11567133-image-a-33_1671737412023.jpg)
TheRealNorth
(9,531 posts)He still will have the opportunity after his conviction, because apparently, you don't automatically get sent to jail after conviction if you are a white collar criminal. So it makes sense to st least go through the motions to see if he can get a favorable plea bargain or somehow get a hung jury or not guilty verdict.
He would still be free if only he had avoided committing the cardinal sin of white collar crime - ripping off people that are richer than you.
Submariner
(12,534 posts)with zero access to the internet. I did not read that in the article.
Irish_Dem
(50,370 posts)MOMFUDSKI
(6,285 posts)put a price on bail? Looks like 2 sets of laws reigns in our Country. I am disgusted.