Bail Bonds Los Angeles

Holy Smokes! Sam Bankman-Fried’s $250 million bail bond

Former Stanford Law School dean Larry Kramer and Stanford University research scientist Andreas Paepcke helped make it possible for the former CEO to remain out of federal custody as he awaits trial, unsealed court documents reveal.
The names of the wealthy backers who guaranteed indicted FTX co-founder Sam Bankman-Fried’s $250 million bail bond were finally revealed Wednesday.

The court filings were made public by Manhattan U.S. District Court Judge Lewis Kaplan, who is presiding over the embattled entrepreneur’s criminal fraud case. Bankman-Fried’s previously objected to disclosing the names.

Kramer and Paepke each co-signed Bankman-Fried’s unsecured personal recognizance bonds, with Kramer pledging property worth $500,000 and Paepke pledging property worth $200,000.

Typically, a defendant must pledge assets equal to around 10% of the bond amount. In Bankman-Fried’s case, his bond was set at $250 million — one of the largest bail figures in history — meaning he could be expected to pledge assets totaling around $25 million.

 

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47 thoughts on “Holy Smokes! Sam Bankman-Fried’s $250 million bail bond”

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