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

Post by lmm » Fri, Dec 23, 2022, 5:56 AM UTC

lalopalota wrote: post #394

csense wrote: post #378

Earlier quoted context omitted.

Consider Joe Average defendant whose bail is set at $25,000 bail. If Joe tells the judge "Your Honor, I'll sign a paper that says I'll be $25,000 in debt if I don't show up, but my family can only come up with $200 right now" the judge will probably tell him to pound sand and sit in jail until trial. If SBF tells the judge "Your Honor, I'll sign a paper that says I'll be $250M in debt if I don't show up, but my famil…

You missed the part where the defendant's lawyers provide the court the necessary evidence to convince the court that the total value of the bond is available to be confiscated if the defendant doesn't show. Which would apply in both cases you mentioned.

Post by lmm » Fri, Dec 23, 2022, 6:12 AM UTC

pigtailgirl wrote: post #428

-- this thread seem to forget bond is not meant to be punitive -- it's to make sure you come back to court - the 8th amendment protects against this - if the court is going to set an excessive bond - they need to grant latitude on how it's exercised -- https://www.law.cornell.edu/wex/excessive_bail https://nationalparalegal.edu/ViewNews.aspx?intTakeOnNewsID=...

Post by coorski » Fri, Dec 23, 2022, 7:34 AM UTC

Post by [deleted] » Fri, Dec 23, 2022, 8:02 AM UTC

Post by LatteLazy » Fri, Dec 23, 2022, 9:20 AM UTC