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FTX founder Sam Bankman-Fried to be released on $250 million bail
CNBC.com ^
| 12/22/22
| Rohan Goswami
Posted on 12/22/2022 10:50:58 AM PST by chuck allen
FTX founder Sam Bankman-Fried will be released on $250 million bail in a deal designed by federal prosecutors and Bankman-Fried’s defense attorneys, a New York federal judge ruled on Thursday.
Bankman-Fried was indicted in the Southern District of New York on eight counts including securities fraud and money laundering. Judge Gabriel Gorenstein said that Bankman-Fried would require “strict” supervision following his release to his parents’ home in California.
His parents, both Stanford Law professors, were present in the courtroom. Bankman-Fried was flanked by two U.S. Marshals, dressed in a suit and tie.
Bankman-Fried’s parents would put up the equity in their home to partially satisfy bail conditions. As part of the release, Bankman-Fried would be released into the custody of his parents home.
Bankman-Fried had previously claimed that he was down to a mere $100,000.
TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: corruption; ftx
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To: chuck allen
To: chuck allen
The girlfriends bail was 250k
3
posted on
12/22/2022 10:52:30 AM PST
by
dynachrome
(“We cannot save Ukraine by dooming the US economy.” Rand Paul)
To: chuck allen
4
posted on
12/22/2022 10:53:15 AM PST
by
goodnesswins
(The Chinese are teaching calculus to their 3rd graders while ours are trying to pick a pronoun.)
To: chuck allen
5
posted on
12/22/2022 10:53:37 AM PST
by
shadowlands1960
(We live in a world of intolerance masked as tolerance. RUSH LIMBAUGH)
To: null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; bitt; ...
6
posted on
12/22/2022 10:54:16 AM PST
by
bitt
(<img src=' 'width=50%>)
To: chuck allen
To: chuck allen
8
posted on
12/22/2022 10:54:22 AM PST
by
SaxxonWoods
(Successful People Have a Sense of Gratitude. Unsuccessful People Have a Sense of Entitlement)
To: chuck allen
Rob a bank, then use the proceeds to bail yourself out of jail. Brilliant!
To: proxy_user
I thought he’d just write a check 😏
10
posted on
12/22/2022 10:56:50 AM PST
by
V_TWIN
(America...so great even the people that hate it refuse to leave!)
To: dynachrome
Isn’t the actual bail only 1/10th?
11
posted on
12/22/2022 10:58:19 AM PST
by
V_TWIN
(America...so great even the people that hate it refuse to leave!)
To: chuck allen
Will he be posting it in crypto currency?
12
posted on
12/22/2022 10:59:07 AM PST
by
Eleutheria5
(Every Goliath has his David.)
To: dynachrome
“The girlfriends bail was 250k”
she and ftx co-founder gary wang turned state’s evidence and already pleaded guilty ... plus SBF owned 97% of the whole shebang ...
13
posted on
12/22/2022 10:59:48 AM PST
by
catnipman
(In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
To: chuck allen
unbelievable is right ... because for one thing, that bail will be paid with stolen money ...
14
posted on
12/22/2022 11:00:34 AM PST
by
catnipman
(In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
To: TheElectionWasStolen
“Rob a bank, then use the proceeds to bail yourself out of jail. Brilliant!”
that’s exactly what happened here ..
15
posted on
12/22/2022 11:01:30 AM PST
by
catnipman
(In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
To: chuck allen
This guy should remain in jail. Gives him time to become acclimated to the surroundings he’ll have for the rest of his life IF, and that’s a BIG if, he spends it in jail.
16
posted on
12/22/2022 11:02:24 AM PST
by
upchuck
(When you never took the vaccine or boosters: Still alive and healthy with no chance of side effects)
To: V_TWIN
“Isn’t the actual bail only 1/10th?”
that’s only if someone buys a bond from a bondsman, otherwise they post the whole amount ... the bond price is forfeited no matter what, though ...
17
posted on
12/22/2022 11:02:43 AM PST
by
catnipman
(In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
To: chuck allen
They had their little zelensky party and are trying to cover this up so the money laundering doesn’t get talked about
18
posted on
12/22/2022 11:02:56 AM PST
by
struggle
To: chuck allen
I guess he’s not really as bankrupt as he wants you to think
19
posted on
12/22/2022 11:02:58 AM PST
by
NWFree
(Somebody has to say it 🤪)
To: chuck allen
Hope he takes off, we need the $$
20
posted on
12/22/2022 11:03:59 AM PST
by
bigbob
(z)
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