Sam Bankman-Fried parents, relative and friend are making his $250 million dollar bail - bail record

[BlueWaveNeverEnd]

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

[NewHendoLib]

1. Bail paid in crypto???

[BlueWaveNeverEnd]

2. lol

[dalton99a]

3. They'll help him escape.

Just watch.

[samnsara]

6. wont they lose their bail money if he bolts?

[dalton99a]

9. The guy has plenty of money hidden in offshore accounts

[maxsolomon]

4. 25 million is an impressive chunk of change to put on the line.

I doubt he's going anywhere, though.

[BlueWaveNeverEnd]

5. Here he is leaving court as a free man in US

[TheRealNorth]

7. If he can't beat the rap with the best lawyers money can buy digging up some sort of technicality...

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]

8. He should have no access to wireless devices

with zero access to the internet. I did not read that in the article.

[Irish_Dem]

10. George Floyd was murdered in cold blood by police for maybe passing a fake $20 bill.

[MOMFUDSKI]

11. What kind of jerkoff judge would even

put a price on bail? Looks like 2 sets of laws reigns in our Country. I am disgusted.