Posted on 12/23/2022 12:56:19 PM PST by dynachrome
In the typical federal case, a bail bondsman would charge between 10%-15% of the bail amount in cash to issue a surety bond or “bail bond.” In the case of Bankman-Fried’s astronomical bond, 15% of $250 million would be $37.5 million. But Bankman-Fried did not pay $37.5 million for his bond. No, Bankman-Fried actually paid no cash atIn this case, Bankman-Fried was not required to post a conventional bail bond. Instead, Bankman-Fried was simply released from custody on something called a personal recognizance bond. The personal recognizance bond contains Bankman-Fried’s solemn promise (and his parents’ promise) to pay the court $250 million if he fails to show up for trial at the appointed time. Yes, you read that right. Bankman-Fried walked out of court essentially a free man by signing a piece of paper where he promised to pay the court $250 million if he decides to flee to another country with no extradition. This, of course, is totally absurd. all for his “$250 million bond.” Nothing. Zero.
(Excerpt) Read more at coindesk.com ...
Boy...you are way behind the times......the Parents and him have probably 250 MILLION in property in the Bahamas! Maybe more!! The parents are in on this also!
they no longer control that real-estate: the U.S. bankruptcy court and the Bahamas bankruptcy court are fighting over who will have ownership ... and besides, stolen assets can’t be used for bond ...
He did NOT have to pay one cent!
WHITE PRIVILEGE....DEMOCRAT PRIVILEGE OR JEWISH PRIVILEGE?
Obviously this author knows very little about federal criminal practice...
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