Sam Bankman-Fried, the Democrat party donor who basically stole billions of dollars from innocent investors, returned to the United States this week.
Unlike the J6 defendants who have been held in solitary confinement for months and months, Bankman-Fried was granted bail and will remain largely free until his sentencing hearing.
His parents put up ‘part’ of the value of their home to the tune of $250 million. Must be nice.
FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents
FTX founder Sam Bankman-Fried was released on $250 million bond while awaiting trial for fraud and other criminal charges, a New York federal judge ruled Thursday.
Bankman-Fried stepped out of U.S. District Court in Manhattan, flanked by his parents, his legal team, and court security at 2:19 local time.
The terms of his personal recognizance bond were agreed to by prosecutors and Bankman-Fried’s lawyers. The 30-year-old will face his next hearing, presided over by Judge Ronnie Abrams, in New York City on Jan. 3., where he’ll enter his plea and be arraigned.
A recognizance bond is a written commitment from the accused to appear in court when ordered. In return, Bankman-Fried’s camp would not be required to meet the full collateral requirements of the bail.
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The bond was secured by equity in his family home, and by the signatures of his parents and two other individuals with “considerable” assets.
In addition to the $250 million package, which prosecutors called “the largest-ever pretrial bond,” the former crypto billionaire would also be required to wear an electronic monitoring bracelet, submit to mental health counseling, and restrict himself to travel within and between the Northern District of California and the Southern and Eastern Districts of New York.
It looks like his political connections paid off.
I have been reading that the bulk of SBF’s bail was a personal recognizance bond.
Meaning he didn’t have to come up with ANY of the cash. Just pledged assets.
If that is accurate … then those donations are still buying him crazy favors.
— Wall Street Silver (@WallStreetSilv) December 22, 2022
Do you think he’d be free on bail if he was a Trump supporter?
Fat chance.
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