Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bankman-Fried's Incredible Shrinking ‘$250 Million Bond’ The FTX founder signs another remarkable deal.
Coindesk ^ | 12-23-22 | James Murphy

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 ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: 2big2jail; bankmanfried; fraud; nomoneybond
Navigation: use the links below to view more comments.
first 1-2021-4041-44 next last
Think you would get this deal?
1 posted on 12/23/2022 12:56:19 PM PST by dynachrome
[ Post Reply | Private Reply | View Replies]

To: dynachrome

Think you would get this deal?


Perhaps, if I were a major democrat party contributor.


2 posted on 12/23/2022 12:59:05 PM PST by hanamizu
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome
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.

Does that include fleeing (or being sent involuntarily) to the Afterlife?

3 posted on 12/23/2022 1:00:13 PM PST by KarlInOhio (Soon the January 6 protesters will be held (without trial or bail) longer than Jefferson Davis was.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome

He has friends in high places.

I wonder for instance how that judge votes.


4 posted on 12/23/2022 1:00:56 PM PST by Beowulf9
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome

Would a con man con the legal system?

Hahahahahahahahaha!


5 posted on 12/23/2022 1:01:05 PM PST by blueunicorn6 ("A crack shot and a good dancer” )
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome

Think you would get this deal?

No my parents are not politically connected and I did not dump 500M+ into elections over the past 3 years.

You know what I can do that he cannot do, grab a passport and explore the world.

I did not do the stupid of centralizing a decentralized currency. The central banks will do the same stupid.


6 posted on 12/23/2022 1:02:57 PM PST by protoconservative (Been Conservative Before You Were Born )
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome

This entire thing stinks to high heaven


7 posted on 12/23/2022 1:03:39 PM PST by TheElectionWasStolen
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome; Lazamataz

(if he fails to show up for trial at the appointed time)

What if there’s an unfortunate “accident” and he’s unable to discuss Democrat money laundering?

Not that there’s a chance that would happen, of course.


8 posted on 12/23/2022 1:04:35 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome

9 posted on 12/23/2022 1:07:32 PM PST by ClearCase_guy (No one is as asleep as the "woke". They define the term "useful idiot".)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome

Sure, everyone who steals billion or two should be able to use that money for a “personal recognizance bond” secured by the equity in Bankman-Fried’s parents’ $4 million home.


10 posted on 12/23/2022 1:08:28 PM PST by PIF (They came for me and mine ... now its your turn)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TheElectionWasStolen

They guy has already served all the time he is going to serve while in the Bahamas.


11 posted on 12/23/2022 1:10:46 PM PST by central_va (I won't be reconstructed and I do not give a damn...)
[ Post Reply | Private Reply | To 7 | View Replies]

To: KarlInOhio

“We haven’t quite decided yet whether he committed suicide or died trying to escape.”


12 posted on 12/23/2022 1:12:08 PM PST by Ken H (Trump /DeSantis)
[ Post Reply | Private Reply | To 3 | View Replies]

To: dynachrome

Opinion piece, not news reporting. Gives the author license to leave out details.


13 posted on 12/23/2022 1:14:25 PM PST by TexasGator (!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome

“ personal recognizance bond” is also called released on own recognizance or ROR. In the trade, we’d refer to it as “foot bail” because the accused would often take off (abscond).


14 posted on 12/23/2022 1:16:51 PM PST by thegagline (Sic semper tyrannis! Goldwater 2024)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome

I believe I heard that the “papers” that were signed were liens on real property of his parents and friends.


15 posted on 12/23/2022 1:20:18 PM PST by _longranger81
[ Post Reply | Private Reply | To 1 | View Replies]

To: KarlInOhio

As long as he says nothing to anyone about anything he’s free to be free. The moment he becomes a talking loose end, which Adderall speed freaks tend to do, he’s sleeping with Seth Rich.


16 posted on 12/23/2022 1:21:37 PM PST by blackdog (The head, hands, and heart, serve even further than the purse. )
[ Post Reply | Private Reply | To 3 | View Replies]

To: thegagline

I did some “bail recovery” work back in the day. And no Bondsman in his right mind would sign off on this.

L


17 posted on 12/23/2022 1:21:43 PM PST by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: dynachrome

If you’re going to steal, steal big so you have the resources to get away with it.


18 posted on 12/23/2022 1:27:21 PM PST by ArcadeQuarters (Remember the 2020 backstabbers. No more RINOs ever!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome
US Attorney Nicolas Tyler Landsman Roos:

(Registration #5226683) is an attorney in New York, New York admitted in 2014 in New York State, registered with the Office of Court Administration (OCA) of New York State Unified Court System. The attorney was graduated from Stanford Law School. The current status of the attorney is Due to reregister within 30 days. https://opengovus.com/new-york-state-attorney/5226683

19 posted on 12/23/2022 1:28:15 PM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SaveFerris
Not that there’s a chance that would happen, of course.

Some “angry investor” might Epstein him, so he can’t name names. It’s not like that’s never happened before. 😁😅

20 posted on 12/23/2022 1:37:53 PM PST by Mark17 (Retired USAF air traffic controller. Father of USAF pilot. USAF aviation runs in the family )
[ Post Reply | Private Reply | To 8 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-44 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson