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 ...
Think you would get this deal?
Does that include fleeing (or being sent involuntarily) to the Afterlife?
He has friends in high places.
I wonder for instance how that judge votes.
Would a con man con the legal system?
Hahahahahahahahaha!
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.
This entire thing stinks to high heaven
(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.
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.
They guy has already served all the time he is going to serve while in the Bahamas.
“We haven’t quite decided yet whether he committed suicide or died trying to escape.”
Opinion piece, not news reporting. Gives the author license to leave out details.
“ 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).
I believe I heard that the “papers” that were signed were liens on real property of his parents and friends.
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.
I did some “bail recovery” work back in the day. And no Bondsman in his right mind would sign off on this.
L
If you’re going to steal, steal big so you have the resources to get away with it.
(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
Some “angry investor” might Epstein him, so he can’t name names. It’s not like that’s never happened before. 😁😅
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