- Lucas McCain
- 02-04-2023, 12:50 AM
I doubt they thought he would be able to make bail... I wish I had friends like that. If I made a call to my friends to ask for help with my $1/4bln bail, they would laugh their asses off at me and tell me to not drop the soap and then hang up on me. Haha
- Ripmany
- 02-04-2023, 02:12 AM
I doubt they thought he would be able to make bail... I wish I had friends like that. If I made a call to my friends to ask for help with my $1/4bln bail, they would laugh their asses off at me and tell me to not drop the soap and then hang up on me. Haha Originally Posted by Lucas McCainYou only live once drop soap it better to have clean feet than clean ass.
- biomed1
- 02-04-2023, 10:02 PM
Of the following . . .
#6 - Respect the topics presented by those who start a thread. Attempts to derail a thread or change it's direction is referred to as thread hijack and will be discouraged. Attempts to guide a thread in the right direction are appreciated, while responses to posts which hijack a thread are not.
- The_Waco_Kid
- 02-08-2023, 08:22 PM
in related news ...
FTX founder Sam Bankman-Fried heads to court after judge rejects bail request
https://finance.yahoo.com/m/ec32a5e6...man-fried.html
Federal prosecutors say SBF’s communications indicate he may be trying to influence a witness
NEW YORK — FTX founder Sam Bankman-Fried will head to a New York courtroom Thursday to face a federal judge who said his effort to contact a likely trial witness against him seemed designed so they would “sing out of the same hymn book.”
On Tuesday, Judge Lewis A. Kaplan rejected Bankman’s-Fried’s lawyers’ request that oral arguments about his bail be cancelled because lawyers on both sides have settled their differences on necessary changes to his bail package in order to prevent inappropriate contact with witnesses or damaging encrypted social media communications.
The arguments, set for Thursday morning, will proceed as scheduled, the judge ruled as he declined to immediately approve new bail conditions that defense lawyers said prosecutors had agreed with, including the exemption of certain individuals from a proposed no-contact list and permission for Bankman-Fried to place audio and video calls.
The hearing was scheduled after prosecutors said Bankman-Fried sent an encrypted message over the Signal texting app on Jan. 15 to the general counsel of FTX US.
“I would really love to reconnect and see if there’s a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other. I’d love to get on a phone call sometime soon and chat,” Bankman-Fried wrote to the FTX general counsel, who isn’t named but is dubbed “Witness 1,” in the prosecutors’ letter.
Federal prosecutors told Kaplan that Bankman-Fried’s communications indicate he may be trying to influence a witness with incriminating evidence against him.
Last week, Kaplan wrote that Bankman’s-Fried’s lawyers appealed to him to interpret the message “in a benign way.” But he said their argument was not persuasive.
“In perhaps more colloquial terms, it appears to have been an effort to have both the defendant and Witness 1 sing out of the same hymn book,” Kaplan said.
The judge said a possible motive was evident from the fact that the general counsel was undisputedly a witness to some events likely to be at issue in the case and Bankman-Fried faces the possibility of a long prison term if he is convicted.
Kaplan said the question of whether further measures should be taken to restrict Bankman-Fried’s actions was also raised by allegations that he directed employees in the past to use applications whose communications could be erased and because he had invited a telephonic rather than written response from the general counsel.
The judge said he must decide whether further measures should be imposed to assure the safety of the community from efforts by Bankman-Fried to influence or tamper with prospective witnesses.
Bankman-Fried, 30, has been confined with electronic monitoring to his parents’ home in Palo Alto, California, since his December arrest on charges that he cheated investors and that he looted customer deposits on his cryptocurrency trading platform, in part to finance political donations and make risky trades at Alameda Research.
He has pleaded not guilty. A trial has been tentatively set for early October.
Also Tuesday, lawyers for Bankman-Fried appealed Kaplan’s decision to make public the names of two individuals who signed Bankman-Fried’s $250 million personal recognizance bond. The names, which were ordered revealed at the request of news outlets, will remain secret while the appeal is considered.
about those well heeled backers ....
Court keeps secret for now who backed bail for FTX's Bankman-Fried
https://finance.yahoo.com/news/court...213101518.html
Alexis KeenanˇReporter
Tue, February 7, 2023 at 3:31 PM CSTˇ3 min read
The names of wealthy backers who guaranteed a $250 million bail bond for indicted former FTX CEO Sam Bankman-Fried will remain a secret — for now.
On Tuesday, Bankman-Fried's lawyers filed court documents indicating their plan to appeal a Manhattan district court judge's January 30 decision to unseal the names. They are asking that the matter be decided by the Second Circuit Court of Appeals.
The request to make the names public was made by a group of news organizations that contend the public has a right to the information.
The guarantors made it possible for the former crypto CEO to post the $25 million in assets required to stay out of custody while he awaits trial.
U.S. District Court Judge Lewis Kaplan previously ordered unsealing to take place on Tuesday based on his expectation that the guarantors, known as bail sureties, were less likely to face the same level of scrutiny and harassment that Bankman-Fried's parents allegedly received, and given that such information is typically made public.
Judge Kaplan said the issue, if appealed, would be paused by the district court until 5 p.m. on February 14, so that any adversely affected party could request a stay from the Second Circuit.
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves following a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. REUTERS/Andrew Kelly
Before the full details of the bail arrangement were made public, court documents showed that the bond was secured by a $4 million home owned by Bankman-Fried’s parents as well as two individuals.
Prior to the district court's ruling, attorneys for Bankman-Fried argued that the guarantors' identities should remain private to ensure their safety and to protect them from harassment.
“In recent weeks, Mr. Bankman-Fried’s parents have become the target of intense media scrutiny, harassment, and threats. Among other things, Mr. Bankman-Fried’s parents have received a steady stream of threatening correspondence, including communications expressing a desire that they suffer physical harm,” Mark Cohen, Bankman-Fried's lawyer, argued that the other co-signers, if publicly identified, could face similar consequences.
In December, the U.S. Justice Department charged Bankman-Fried with multiple felonies, including wire fraud, securities and commodities fraud, money laundering, and campaign finance violations, claiming he illegally used FTX customer and investor funds.
Convictions on all eight of Bankman-Fried’s charges together carry up to 115 years in prison.
Separately, the U.S. Securities and Exchange Commission and the Commodities Futures Trading Commission filed civil suits against the former crypto mogul, FTX.com, and Alameda Research.
The right to bail is governed by the U.S. Constitution’s 8th Amendment, which prohibits excessive bail. In setting bail conditions, a judge is tasked with ensuring public safety and that the defendant will show up in court to face charges.
To guard against a defendant’s flight risk, a judge can impose financial and other consequences that trigger if a defendant flees prosecution. In Bankman-Fried’s case, the judge also required that the former billionaire remain on home confinement with limited local travel, wear an ankle monitor, surrender his passport, and refrain from financial transactions exceeding $1,000.
Typically, a defendant must pledge assets equal to around 10% of the bond amount. In Bankman-Fried’s case, his $250 million bond means that he was required to pledge assets totalling about $25 million.
and the best for last ......
FTX Asks Politicians Who Received Bankman-Fried Donations to Return Money
https://finance.yahoo.com/news/ftx-a...182211407.html
Danny Nelson
Sun, February 5, 2023 at 12:22 PM CSTˇ1 min read
Alex Wong
Sam Bankman-Fried showered politicians with tens of millions of dollars in campaign contributions before his FTX empire imploded last November. Now, the bankrupt crypto exchange wants that money back.
On Sunday, FTX Group said it is sending “confidential letters” to politicians and other political beneficiaries of Bankman-Fried, his deputies and his companies, asking them to return the money by the end of the month. In a press release the debtors said they “reserve the right” to try and force repayments – plus interest – through court action.
The announcement escalates a fight over as much as $93 million (according to the debtors' estimates) in political donations FTX made to an array of D.C. lawmakers and causes across the political spectrum. One in three members of the current U.S. congress received contributions from Bankman-Fried’s orbit, according to CoinDesk reporting. It was a monumental influence campaign that crossed party lines.
With FTX’s top brass now facing an array of criminal charges over their alleged multibillion-dollar fraud, many of their beneficiaries have tried to cancel out the taint of scandal by making equivalent donations to charities. But the debtors now charged with recouping creditors’ losses warned such action “does not prevent the FTX Debtors from seeking recovery.”
FTX founder Sam Bankman-Fried heads to court after judge rejects bail request
https://finance.yahoo.com/m/ec32a5e6...man-fried.html
Federal prosecutors say SBF’s communications indicate he may be trying to influence a witness
NEW YORK — FTX founder Sam Bankman-Fried will head to a New York courtroom Thursday to face a federal judge who said his effort to contact a likely trial witness against him seemed designed so they would “sing out of the same hymn book.”
On Tuesday, Judge Lewis A. Kaplan rejected Bankman’s-Fried’s lawyers’ request that oral arguments about his bail be cancelled because lawyers on both sides have settled their differences on necessary changes to his bail package in order to prevent inappropriate contact with witnesses or damaging encrypted social media communications.
The arguments, set for Thursday morning, will proceed as scheduled, the judge ruled as he declined to immediately approve new bail conditions that defense lawyers said prosecutors had agreed with, including the exemption of certain individuals from a proposed no-contact list and permission for Bankman-Fried to place audio and video calls.
The hearing was scheduled after prosecutors said Bankman-Fried sent an encrypted message over the Signal texting app on Jan. 15 to the general counsel of FTX US.
“I would really love to reconnect and see if there’s a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other. I’d love to get on a phone call sometime soon and chat,” Bankman-Fried wrote to the FTX general counsel, who isn’t named but is dubbed “Witness 1,” in the prosecutors’ letter.
Federal prosecutors told Kaplan that Bankman-Fried’s communications indicate he may be trying to influence a witness with incriminating evidence against him.
Last week, Kaplan wrote that Bankman’s-Fried’s lawyers appealed to him to interpret the message “in a benign way.” But he said their argument was not persuasive.
“In perhaps more colloquial terms, it appears to have been an effort to have both the defendant and Witness 1 sing out of the same hymn book,” Kaplan said.
The judge said a possible motive was evident from the fact that the general counsel was undisputedly a witness to some events likely to be at issue in the case and Bankman-Fried faces the possibility of a long prison term if he is convicted.
Kaplan said the question of whether further measures should be taken to restrict Bankman-Fried’s actions was also raised by allegations that he directed employees in the past to use applications whose communications could be erased and because he had invited a telephonic rather than written response from the general counsel.
The judge said he must decide whether further measures should be imposed to assure the safety of the community from efforts by Bankman-Fried to influence or tamper with prospective witnesses.
Bankman-Fried, 30, has been confined with electronic monitoring to his parents’ home in Palo Alto, California, since his December arrest on charges that he cheated investors and that he looted customer deposits on his cryptocurrency trading platform, in part to finance political donations and make risky trades at Alameda Research.
He has pleaded not guilty. A trial has been tentatively set for early October.
Also Tuesday, lawyers for Bankman-Fried appealed Kaplan’s decision to make public the names of two individuals who signed Bankman-Fried’s $250 million personal recognizance bond. The names, which were ordered revealed at the request of news outlets, will remain secret while the appeal is considered.
about those well heeled backers ....
Court keeps secret for now who backed bail for FTX's Bankman-Fried
https://finance.yahoo.com/news/court...213101518.html
Alexis KeenanˇReporter
Tue, February 7, 2023 at 3:31 PM CSTˇ3 min read
The names of wealthy backers who guaranteed a $250 million bail bond for indicted former FTX CEO Sam Bankman-Fried will remain a secret — for now.
On Tuesday, Bankman-Fried's lawyers filed court documents indicating their plan to appeal a Manhattan district court judge's January 30 decision to unseal the names. They are asking that the matter be decided by the Second Circuit Court of Appeals.
The request to make the names public was made by a group of news organizations that contend the public has a right to the information.
The guarantors made it possible for the former crypto CEO to post the $25 million in assets required to stay out of custody while he awaits trial.
U.S. District Court Judge Lewis Kaplan previously ordered unsealing to take place on Tuesday based on his expectation that the guarantors, known as bail sureties, were less likely to face the same level of scrutiny and harassment that Bankman-Fried's parents allegedly received, and given that such information is typically made public.
Judge Kaplan said the issue, if appealed, would be paused by the district court until 5 p.m. on February 14, so that any adversely affected party could request a stay from the Second Circuit.
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves following a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. REUTERS/Andrew Kelly
Before the full details of the bail arrangement were made public, court documents showed that the bond was secured by a $4 million home owned by Bankman-Fried’s parents as well as two individuals.
Prior to the district court's ruling, attorneys for Bankman-Fried argued that the guarantors' identities should remain private to ensure their safety and to protect them from harassment.
“In recent weeks, Mr. Bankman-Fried’s parents have become the target of intense media scrutiny, harassment, and threats. Among other things, Mr. Bankman-Fried’s parents have received a steady stream of threatening correspondence, including communications expressing a desire that they suffer physical harm,” Mark Cohen, Bankman-Fried's lawyer, argued that the other co-signers, if publicly identified, could face similar consequences.
In December, the U.S. Justice Department charged Bankman-Fried with multiple felonies, including wire fraud, securities and commodities fraud, money laundering, and campaign finance violations, claiming he illegally used FTX customer and investor funds.
Convictions on all eight of Bankman-Fried’s charges together carry up to 115 years in prison.
Separately, the U.S. Securities and Exchange Commission and the Commodities Futures Trading Commission filed civil suits against the former crypto mogul, FTX.com, and Alameda Research.
The right to bail is governed by the U.S. Constitution’s 8th Amendment, which prohibits excessive bail. In setting bail conditions, a judge is tasked with ensuring public safety and that the defendant will show up in court to face charges.
To guard against a defendant’s flight risk, a judge can impose financial and other consequences that trigger if a defendant flees prosecution. In Bankman-Fried’s case, the judge also required that the former billionaire remain on home confinement with limited local travel, wear an ankle monitor, surrender his passport, and refrain from financial transactions exceeding $1,000.
Typically, a defendant must pledge assets equal to around 10% of the bond amount. In Bankman-Fried’s case, his $250 million bond means that he was required to pledge assets totalling about $25 million.
and the best for last ......
FTX Asks Politicians Who Received Bankman-Fried Donations to Return Money
https://finance.yahoo.com/news/ftx-a...182211407.html
Danny Nelson
Sun, February 5, 2023 at 12:22 PM CSTˇ1 min read
Alex Wong
Sam Bankman-Fried showered politicians with tens of millions of dollars in campaign contributions before his FTX empire imploded last November. Now, the bankrupt crypto exchange wants that money back.
On Sunday, FTX Group said it is sending “confidential letters” to politicians and other political beneficiaries of Bankman-Fried, his deputies and his companies, asking them to return the money by the end of the month. In a press release the debtors said they “reserve the right” to try and force repayments – plus interest – through court action.
The announcement escalates a fight over as much as $93 million (according to the debtors' estimates) in political donations FTX made to an array of D.C. lawmakers and causes across the political spectrum. One in three members of the current U.S. congress received contributions from Bankman-Fried’s orbit, according to CoinDesk reporting. It was a monumental influence campaign that crossed party lines.
With FTX’s top brass now facing an array of criminal charges over their alleged multibillion-dollar fraud, many of their beneficiaries have tried to cancel out the taint of scandal by making equivalent donations to charities. But the debtors now charged with recouping creditors’ losses warned such action “does not prevent the FTX Debtors from seeking recovery.”
- WTF
- 02-09-2023, 09:54 AM
Like I've said many time. I agree with O'Leary and think the prudent thing is to wait and let the facts play out in court.
Unless of course you want to inform us you're a bankruptcy judge
Unless of course you want to inform us you're a bankruptcy judge
- lustylad
- 02-09-2023, 11:05 AM
Those people had their cash stolen. That's not their fault. They didn't lose it on an investment in crypto tokens that went South. That's one thing. That's just a bad investment and tough shit, you picked the wrong pony. Those people had their cash stolen from them and transferred to its unintended purpose of their deposits. It was not deposited for nerd boy to financially support Alameda. And that's what many of you anti crypto folks who blame the victims fail to differentiate between the two vastly different scenarios. Originally Posted by Lucas McCain^^^ Well, lookee at that!
Without singling him out, Luke just did a good job of handing WTF's ass to him.
I'm mildly impressed.
- lustylad
- 02-09-2023, 11:29 AM
- WTF
- 02-09-2023, 12:29 PM
- The_Waco_Kid
- 02-09-2023, 06:08 PM
You're a God damn liar.
All I've asked is that you and Wacko give Sam the same legal latitude you wanted folks to give DJT.
Now quit being a hypocrite and keep my name out yo mouth if you can't tell the truth. Originally Posted by WTF
remind us again how many times you claimed the FTX exchange users weren't victims because you are convinced crypto currency is a risky investment? the "risk" of crypto is irrelevant to the fact that Sammy is accused of misappropriating customer funds to cover his bad bets with Alameda Research.
Sammy will get his day in court. based on the fact that several of his confederates have copped plea deals and stated that they, including Sammy, knowingly took customer funds from FTX to cover Alameda is proof enough.
- Precious_b
- 02-09-2023, 08:09 PM
in related news ...Seeing as your previous posting to me, would that be a "woke" move by the court? Seeing that donny has been accused of witness tampering this guy can't?
FTX founder Sam Bankman-Fried heads to court after judge rejects bail request... Originally Posted by The_Waco_Kid
I'll stand by my original statement: "Because this is America."
- The_Waco_Kid
- 02-15-2023, 07:46 PM
remember that "record" 250 million bail Sammy got slapped with? meaning typically 10 percent meaning property and/or cash of 25 million?
well it turns out it wasn't a standard bail arrangement, it was a personal recognisancebond. he wasn't required to put up anywhere near 25 million. and the court has released who pledged cash for the bond today.
this fucktard got out on the pledge of his parent's home valued at 4 million and about 500k posted by two of his daddy's Stanford professor buddies.
https://www.yahoo.com/finance/news/former-stanford-law-school-dean-co-signed-bail-bond-for-ftxs-bankman-fried-204303031.html
Former Stanford Law School dean co-signed bail bond for FTX's Bankman-Fried
Alexis Keenanˇ
Wed, February 15, 2023 at 2:43 PM CST
The names of the wealthy backers who guaranteed indicted FTX co-founder Sam Bankman-Fried's $250 million bail bond were finally revealed Wednesday.
Former Stanford Law School dean Larry Kramer and Stanford University research scientist Andreas Paepcke helped make it possible for the former CEO to remain out of federal custody as he awaits trial, unsealed court documents reveal.
The court filings were made public by Manhattan U.S. District Court Judge Lewis Kaplan, who is presiding over the embattled entrepreneur's criminal fraud case. Bankman-Fried's previously objected to disclosing the names.
Kramer and Paepke each co-signed Bankman-Fried's unsecured personal recognizance bonds, pledging property worth $500,000.
Typically, a defendant must pledge assets equal to around 10% of the bond amount. In Bankman-Fried’s case, his bond was set at $250 million — one of the largest bail figures in history — meaning he could be expected to pledge assets totaling around $25 million.
Before the details of the bail arrangement were made public, court documents showed that Bankman-Fried's bond was secured in part by a San Francisco Bay Area home valued around $4 million and owned by the defendent's parents, as well as two to four individuals of “considerable means.”
Former FTX chief executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks from the Manhattan federal court after securing bail in New York City, U.S. December 22, 2022. REUTERS/Jeenah Moon
Bankman-Fried's father, Joseph Bankman, has been employed as a professor at Stanford Law School since 1988. He is also a clinical psychologist who teaches courses in mental health law. His mother, Barbara Fried, also served as a Stanford Law professor before retiring in September. According to The Wall Street Journal, Joseph Bankman also spent 11 months serving as a paid employee of FTX for 11 months. The Journal's report states that he was focused on FTX's charity efforts.
The request to unseal the names came from a group of news organizations that asked to intervene in the case for the limited purpose of disclosure. They argued that the public had a right to know the identities of individuals who backed Bankman-Fried's release.
On February 7, Bankman-Fried's lawyers filed court documents indicating a plan to appeal U.S. District Court Judge Lewis Kaplan's January 30 decision to unseal the names. The lawyers asked that the matter instead be decided by the Second Circuit Court of Appeals.
Judge Kaplan then paused his previous order to release the names, until 5 p.m. on February 14, so the issue could be officially appealed and so that any adversely affected party could request a stay from the Second Circuit. No applications for an additional stay were made to the Court of Appeals.
His ruling, Kaplan said in earlier court documents, was based on his expectation that the guarantors, known as bail sureties, were less likely to face the same level of scrutiny and harassment that Bankman-Fried's parents allegedly received. Kaplan also noted that the names of guarantors are typically made public as part of the court record.
In December, the U.S. Justice Department charged Bankman-Fried with multiple felonies, including wire fraud, securities and commodities fraud, money laundering, and campaign finance violations, claiming he illegally used FTX customer and investor funds.
Convictions on all eight of Bankman-Fried’s charges together carry up to 115 years in prison.
Separately, the U.S. Securities and Exchange Commission and the Commodities Futures Trading Commission filed civil suits against the former crypto mogul, FTX.com, and Alameda Research.
The right to bail is governed by the U.S. Constitution’s 8th Amendment, which prohibits excessive bail. In setting bail conditions, a judge is tasked with ensuring public safety and that the defendant will show up in court to face charges.
To guard against a defendant’s flight risk, a judge can impose financial and other consequences that trigger if a defendant flees prosecution. In Bankman-Fried’s case, the judge also required that the former billionaire remain on home confinement with limited local travel, wear an ankle monitor, surrender his passport, and refrain from financial transactions exceeding $1,000.
well it turns out it wasn't a standard bail arrangement, it was a personal recognisancebond. he wasn't required to put up anywhere near 25 million. and the court has released who pledged cash for the bond today.
this fucktard got out on the pledge of his parent's home valued at 4 million and about 500k posted by two of his daddy's Stanford professor buddies.
https://www.yahoo.com/finance/news/former-stanford-law-school-dean-co-signed-bail-bond-for-ftxs-bankman-fried-204303031.html
Former Stanford Law School dean co-signed bail bond for FTX's Bankman-Fried
Alexis Keenanˇ
Wed, February 15, 2023 at 2:43 PM CST
The names of the wealthy backers who guaranteed indicted FTX co-founder Sam Bankman-Fried's $250 million bail bond were finally revealed Wednesday.
Former Stanford Law School dean Larry Kramer and Stanford University research scientist Andreas Paepcke helped make it possible for the former CEO to remain out of federal custody as he awaits trial, unsealed court documents reveal.
The court filings were made public by Manhattan U.S. District Court Judge Lewis Kaplan, who is presiding over the embattled entrepreneur's criminal fraud case. Bankman-Fried's previously objected to disclosing the names.
Kramer and Paepke each co-signed Bankman-Fried's unsecured personal recognizance bonds, pledging property worth $500,000.
Typically, a defendant must pledge assets equal to around 10% of the bond amount. In Bankman-Fried’s case, his bond was set at $250 million — one of the largest bail figures in history — meaning he could be expected to pledge assets totaling around $25 million.
Before the details of the bail arrangement were made public, court documents showed that Bankman-Fried's bond was secured in part by a San Francisco Bay Area home valued around $4 million and owned by the defendent's parents, as well as two to four individuals of “considerable means.”
Bankman-Fried's father, Joseph Bankman, has been employed as a professor at Stanford Law School since 1988. He is also a clinical psychologist who teaches courses in mental health law. His mother, Barbara Fried, also served as a Stanford Law professor before retiring in September. According to The Wall Street Journal, Joseph Bankman also spent 11 months serving as a paid employee of FTX for 11 months. The Journal's report states that he was focused on FTX's charity efforts.
The request to unseal the names came from a group of news organizations that asked to intervene in the case for the limited purpose of disclosure. They argued that the public had a right to know the identities of individuals who backed Bankman-Fried's release.
On February 7, Bankman-Fried's lawyers filed court documents indicating a plan to appeal U.S. District Court Judge Lewis Kaplan's January 30 decision to unseal the names. The lawyers asked that the matter instead be decided by the Second Circuit Court of Appeals.
Judge Kaplan then paused his previous order to release the names, until 5 p.m. on February 14, so the issue could be officially appealed and so that any adversely affected party could request a stay from the Second Circuit. No applications for an additional stay were made to the Court of Appeals.
His ruling, Kaplan said in earlier court documents, was based on his expectation that the guarantors, known as bail sureties, were less likely to face the same level of scrutiny and harassment that Bankman-Fried's parents allegedly received. Kaplan also noted that the names of guarantors are typically made public as part of the court record.
In December, the U.S. Justice Department charged Bankman-Fried with multiple felonies, including wire fraud, securities and commodities fraud, money laundering, and campaign finance violations, claiming he illegally used FTX customer and investor funds.
Convictions on all eight of Bankman-Fried’s charges together carry up to 115 years in prison.
Separately, the U.S. Securities and Exchange Commission and the Commodities Futures Trading Commission filed civil suits against the former crypto mogul, FTX.com, and Alameda Research.
The right to bail is governed by the U.S. Constitution’s 8th Amendment, which prohibits excessive bail. In setting bail conditions, a judge is tasked with ensuring public safety and that the defendant will show up in court to face charges.
To guard against a defendant’s flight risk, a judge can impose financial and other consequences that trigger if a defendant flees prosecution. In Bankman-Fried’s case, the judge also required that the former billionaire remain on home confinement with limited local travel, wear an ankle monitor, surrender his passport, and refrain from financial transactions exceeding $1,000.
- Precious_b
- 02-15-2023, 10:09 PM
Bond business is scummy.
- lustylad
- 02-15-2023, 10:58 PM
remember that "record" 250 million bail Sammy got slapped with? meaning typically 10 percent meaning property and/or cash of 25 million?I'm not a bail bond expert.
well it turns out it wasn't a standard bail arrangement, it was a personal recognizance bond. he wasn't required to put up anywhere near 25 million.
this fucktard got out on the pledge of his parent's home valued at 4 million and about 500k posted by two of his daddy's Stanford professor buddies. Originally Posted by The_Waco_Kid
Can someone please explain why the court ostensibly set bail at $250 million, but then released this fraudster on collateral of only $4.5 million instead of $25 million (based on the typical 10% requirement)? Why didn't the court just set his damn bail at $45 million from the get-go?
Bond business is scummy. Originally Posted by Precious_bHmmm... is that why dim-retards are so quick & able to make it work for them? Did you just inadvertently answer my question? If so, thanks.
- nevergaveitathought
- 03-28-2023, 01:37 PM
sam bankman fried has been charged with bribing the chinese with 40 million
i guess when he bribes our officials its with political contributions and not bribes
i guess when he bribes our officials its with political contributions and not bribes
- Precious_b
- 03-28-2023, 10:32 PM
...Sorry. Missed the reply you addressed to me.
Hmmm... is that why dim-retards are so quick & able to make it work for them? Did you just inadvertently answer my question? If so, thanks. Originally Posted by lustylad
You obviously missed the quick & able talents of Fred Behrend, the Bail Bond King, did when he bailed a New Jersey man out of jail at the price of the bond and than told him that was his fee. How he put out a hit on a IRS Special Agent investigating his slimy business affairs. And there are quite a few other things. Rick Casey did a great series about it and he had feelers out on a contract killer to stop him from writing about it.
If so, than glad to make your point.