Quote:
Originally Posted by craigster59
If Sam Bankman Fried was able to make his $250 million bail for the FTX debacle I would think $7.5mm would be a walk in the park.
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About that..
Remember that $10 B was 'stolen' right before the case went public.
No money has changed hands and none will unless Mr. Bankman-Fried fails to show up for court or is found to have violated other conditions set by the judge.
In that case, his parents’ house in Palo Alto, Calif., which was used to secure the bond, could be seized by the government. The four people who are to co-sign the bond, including one nonfamily member, would be on the hook for the rest of the $250 million.
https://www.nytimes.com/2022/12/23/nyregion/sbf-bail-agreement-explained.html