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I wish we, as a society, could decide whether M is thousand or million and then only use it to represent that one concept. From the headline I initially assumed his bail was only $250,000 and I don’t think I’m the only one in this thread to have made that mistake.
Right after we all learn Esperanto.
Also covered on WSJ ( https://www.wsj.com/articles/sam-bankman-fried-to-make-first... ) Notably, he is going to make a plea deal: “Mr. Bankman-Fried at a later date will enter a plea on charges that he engaged in fraud and other offenses, the judge said.” If he is doing a deal with prosecutors, you have to wonder what he is getting in return?
Earlier quoted context omitted.
Bail is a security - you only actually lose the asset securing bail if you abscond.
Bond is not bail. Bond is a percentage of bail that you pay to someone willing to put up the entire bail, and who will help find you if you abscond.
Also covered on WSJ ( https://www.wsj.com/articles/sam-bankman-fried-to-make-first... ) Notably, he is going to make a plea deal: “Mr. Bankman-Fried at a later date will enter a plea on charges that he engaged in fraud and other offenses, the judge said.” If he is doing a deal with prosecutors, you have to wonder what he is getting in return?
That’s not what the article says. It says he will enter a plea later.
To enter a plea means to plead guilty or not guilty. All they are saying is that he hasn’t said either way yet.
NYTimes: https://www.nytimes.com/2022/12/22/business/sam-bankman-frie...>
BBC: https://www.bbc.co.uk/news/business-64068810>
NBC News: https://www.nbcnews.com/news/us-news/ftx-co-founder-sam-bank...>
WSJ: https://www.wsj.com/articles/sam-bankman-fried-to-make-first...> (Paywall: https://archive.ph/eMrPC>)
Bloomberg: https://www.bloomberg.com/news/articles/2022-12-22/prosecuto...> (Paywall: https://archive.vn/5zOnu>)
Related:
- Caroline Ellison (Alameda Research) plea agreement: https://www.coindesk.com/business/2022/12/22/caroline-elliso...> https://news.ycombinator.com/item?id=34096548>
- "The SEC’s Crypto Crackdown Is Just Getting Started" https://www.bloomberg.com/news/articles/2022-12-22/sec-s-cry...> (Paywall: https://archive.vn/jrt8I>) https://news.ycombinator.com/item?id=34098054>
How does he have 10% of that? "His parents, both Stanford Law professors who were present in the courtroom, will put up the equity in their home to partially satisfy bail conditions." Sure their bay area home is worth millions but not that much.
The Daily Mail has more info on this: "His parents, Stanford Law professors Barbara and Alan Bankman-Fried, have agreed to put up the equity they own in their $4million California home, where he will live during his house arrest, as part of the bail requirement. Two other people - one relative and one non-relative - will fulfil the rest of the bond. It remains unclear if he is required to pay the full $250million or…
I wish we, as a society, could decide whether M is thousand or million and then only use it to represent that one concept. From the headline I initially assumed his bail was only $250,000 and I don’t think I’m the only one in this thread to have made that mistake.
When does M mean thousand? I've never seen that. K means thousand.
> The bond was secured by equity in his family home, and by the signatures of his parents and two other individuals with “considerable” assets. Who are these unnamed individuals, and what is their interest in this?
Also covered on WSJ ( https://www.wsj.com/articles/sam-bankman-fried-to-make-first... ) Notably, he is going to make a plea deal: “Mr. Bankman-Fried at a later date will enter a plea on charges that he engaged in fraud and other offenses, the judge said.” If he is doing a deal with prosecutors, you have to wonder what he is getting in return?
Maybe he's gonna give up CZ and that house of cards.
Also covered on WSJ ( https://www.wsj.com/articles/sam-bankman-fried-to-make-first... ) Notably, he is going to make a plea deal: “Mr. Bankman-Fried at a later date will enter a plea on charges that he engaged in fraud and other offenses, the judge said.” If he is doing a deal with prosecutors, you have to wonder what he is getting in return?
> Notably, he is going to make a plea deal That’s not what the article says. It says he will enter a plea later. To enter a plea means to plead guilty or not guilty. All they are saying is that he hasn’t said either way yet.