FTX founder Sam Bankman-Fried to be released on $250M bail

Post by Johnny555 » Fri, Dec 23, 2022, 3:32 AM UTC

trillic wrote: post #417

hn_throwaway_99 wrote: post #262

Earlier quoted context omitted.

But when you pay a bail bond to a bondsman, you never get that 10% back . You are paying for the service of NOT having to put up the full amount, as the bail bondsman is the one who is ultimately on the hook. I highly doubt anyone paid $25 million that they aren't expecting to get back.

This dude embezzled like 7B and you think he doesn't have 250M squirreled away in crypto he can't pledge to some psychopathic billionaire buddy of his?

Post by ck2 » Fri, Dec 23, 2022, 3:39 AM UTC

Post by ethbr0 » Fri, Dec 23, 2022, 3:53 AM UTC

trillic wrote: post #413

moralestapia wrote: post #398

Earlier quoted context omitted.

>You're claiming the court accepted the collateral [...] without doing anything to verify it? Yes, I think that's exactly what happened.

The simplest explanation is usually true. A billionaire enabler of Sam's was willing to put up $250M in collateral because Sam spilling on him would cost him far more that $250M. I think the claim he was acting alone solely on his own behalf is absolute garbage. He rose too high, and too rapidly to have been solely of his own creation. Someone bigger than him was absolutely involved. I think we need to look further i…

Post by ravi-delia » Fri, Dec 23, 2022, 4:04 AM UTC

jjcon wrote: post #431

dragonwriter wrote: post #377

Earlier quoted context omitted.

> So what level of rape/murder is appropriate/acceptable for criminals out on bail What level of rape/murder is acceptable from criminals who have not yet been charged with a crime? The answer is the same as for your question, so unless we are going to preemptively detain everyone not yet charged with a crime, I don't see how the answer to your question can imply we should lock up people who are charged but not convi…

> What level of rape/murder is acceptable from criminals who have not yet been charged with a crime? Huh? What are you talking about? You don’t even get a bail hearing unless you've already been charged with a crime.

Post by throwaway2037 » Fri, Dec 23, 2022, 4:12 AM UTC

russdill wrote: post #418

googlryas wrote: post #151

Earlier quoted context omitted.

Should be denied access to the internet too, like most internet related criminals are on bond conditions.

I realize that it's easy to reach the forgone conclusion that yes, he's guilty and a criminal. You'd have to really tie yourself into knots to find out how he could be innocent. But our legal system still treats people not yet convicted as....not yet convicted. Speaking more generically, people released on bond need to be able to have the resources necessary to form a proper defense, and also to try and avoid their e…