Bankman-Fried’s $250 million bond has allowed him to live in his parents’ Stanford home where he’s had access to electronic devices that, prosecutors say, have led to multiple vio…
Newly unsealed bankruptcy documents revealed thousands of creditors to whom FTX owes money after the once-mighty crypto exchange collapsed in November. Former FTX Chief Executive Sam Bankman-Fried, is seen here in New York City on January 3.
At Thursday’s hearing, Kaplan expressed skepticism that Bankman-Fried could be trusted as he sat in the courtroom.
Assistant U.S. Attorney Nicolas Roos replied that a more “drastic alternative” would be to ban Bankman-Fried’s use of all electronic devices, but said the government is concerned about Bankman-Fried’s ability to prepare for trial, which is scheduled for October. This court hearing about Bankman-Fried’s internet use comes after it was revealed Wednesday that his bond was backed by two Stanford colleagues of his parents,. Stanford Law School dean emeritus Larry Kramer signed a bond pledging to pay $500,000 if Bankman-Fried violated the terms of his bail, while Stanford Senior Research Scientist Andreas Paepcke signed a bond for $200,000.
Alison Siegler, a professor at the University of Chicago Law School, agreed that Bankman-Fried’s continued house arrest — even after the repeated violations of his release — reflects a pattern of judges and prosecutors “treating privileged people and those charged with white-collar offenses differently than those without means or status,” she told the Los Angeles Times.
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