Sam Bankman-Fried
- Thread starter MadJack
- Start date
What is the highest bond for jail?
What is 10% of a million dollar bond?
This means that you are only required to make a non-refundable payment of 10% of the value of your bond when you work with our agency. If you have been handed a $1 million bail bond, you only need to pay $100,000 with a bail bond agent.
Flight risk
nawww.................:sadwave:
What is 10% of a million dollar bond?
This means that you are only required to make a non-refundable payment of 10% of the value of your bond when you work with our agency. If you have been handed a $1 million bail bond, you only need to pay $100,000 with a bail bond agent.
Flight risk
nawww.................:sadwave:
Last edited:
A federal magistrate on Thursday ordered disgraced FTX founder Sam Bankman-Fried released on a $250 million personal recognizance bond signed by his parents and secured by their Palo Alto, California, home. A prosecutor called it the largest pretrial bond ever.
Bankman-Fried, who did not enter a plea during the brief hearing, appeared in a dark suit and tie with his distinctive mop of curly hair. Shackles were not visible around his ankles but echoed through the courtroom as he entered. Both of his parents, former Stanford Law professors, appeared in the gallery.
The 30-year-old crypto executive is charged with defrauding customers and investors in the now-bankrupt crypto exchange FTX. He made his initial appearance in a New York federal court hours after he arrived in the United States from the Bahamas, where he was arrested last week.
"Mr. Bankman-Fried perpetrated a fraud of epic proportions," assistant United States Attorney Nicholas Roos said. "The evidence is very strong."
In addition to the bond, Magistrate Judge Gabriel Gorenstein ordered Bankman-Fried's passport taken and his travel restricted. He will be under strict pretrial supervision, required to live with his parents at their house. He can go to the gym but otherwise his movements are limited and monitored by an ankle bracelet fitted before leaving court.:sadwave::scared:scared
Bankman-Fried, who did not enter a plea during the brief hearing, appeared in a dark suit and tie with his distinctive mop of curly hair. Shackles were not visible around his ankles but echoed through the courtroom as he entered. Both of his parents, former Stanford Law professors, appeared in the gallery.
The 30-year-old crypto executive is charged with defrauding customers and investors in the now-bankrupt crypto exchange FTX. He made his initial appearance in a New York federal court hours after he arrived in the United States from the Bahamas, where he was arrested last week.
"Mr. Bankman-Fried perpetrated a fraud of epic proportions," assistant United States Attorney Nicholas Roos said. "The evidence is very strong."
In addition to the bond, Magistrate Judge Gabriel Gorenstein ordered Bankman-Fried's passport taken and his travel restricted. He will be under strict pretrial supervision, required to live with his parents at their house. He can go to the gym but otherwise his movements are limited and monitored by an ankle bracelet fitted before leaving court.:sadwave::scared:scared
maybe some of these fine folks??
Disgraced FTX co-founder Sam Bankman-Fried faces a litany of charges tied to the collapse of his cryptocurrency exchange. But along with being an outsized figure in crypto, Bankman-Fried (nicknamed SBF) is also one of the largest political donors in American politics, and has been accused of violating campaign finance laws as part of a scheme to illegally funnel millions of dollars to candidates and political action groups ahead of the 2022 midterm elections.
btw, this thread should have been posted in the politics forum - certainly more political in nature than discussions about covid
