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Bankman-Fried's Shrinking ‘$250M Bond’

coindesk.com

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Re: Bankman-Fried's Shrinking ‘$250M Bond’

#11

Post by maxbond »

JumpCrisscross wrote: post #7
maxbond wrote: post #4

Earlier quoted context omitted.

Seems like there's a group of people who want him to be obliterated and will be dissatisfied at every step if it isn't mounting his head on a pike. It's honestly one of the more disturbing parts of the story for me.

> group of people who want him to be obliterated and will be dissatisfied at every step if it doesn't result in his head on a pike He’s a fraudster who was content evading justice in the Bahamas for years to come. Of course there is popular desire for retribution, even beyond that which exists and continues to build against crypto at large.

If you believe he's guilty beyond a shadow of doubt, it shouldn't disturb you that he's on house arrest instead of in prison. His trial will last a year or two, his sentence probably be 10 to life (probably closer to the "life").

Re: Bankman-Fried's Shrinking ‘$250M Bond’

#12

Post by rwmj »

maxbond wrote: post #5
thatguy0900 wrote: post #3

If he's such a flight risk he needs a 250m bond signed by multiple parties why not just keep him in jail? I don't get it.

He has a constitutional right to it. He's presumed innocent in the eyes of the law.

There's no constitutional right - people accused of murder are not (often) released on bail. The 8th Amendment only applies to bail amounts when bail is granted. See also: https://en.wikipedia.org/wiki/Excessive_Bail_Clause#Preventi...

Re: Bankman-Fried's Shrinking ‘$250M Bond’

#13

Post by JumpCrisscross »

moralestapia wrote: post #8
nkurz wrote: post #2

I think this article is "directionally correct", but wrong (or at least misleading) about some key details. > Instead, Bankman-Fried’s parents promised to pledge their Palo Alto, California, home as collateral. The Palo Alto home is rumored to be worth $4 million. And that is the full extent of the collateral pledged to guarantee the $250 million bond. No other collateral was posted or promised. The first couple sent…

What a weird argument you're making, >2 non-parent sureties to sign bonds in lesser amounts to be agreed to I'll be extremely generous and interpret that as two bonds worth 3.99...M each or the absolute max. value that is less than the 4M house. Would you extend a 250M credit to someone who offers you 11.8M in illiquid assets? Also, they happen to be the parents of one of the biggest fraudsters in recent years ... Co…

> they happen to be the parents of one of the biggest fraudsters in recent years

Evidence seems to be building that, if they weren’t complicit, they at least benefited from his fraud.

Re: Bankman-Fried's Shrinking ‘$250M Bond’

#16

Post by JumpCrisscross »

maxbond wrote: post #11
JumpCrisscross wrote: post #7

Earlier quoted context omitted.

> group of people who want him to be obliterated and will be dissatisfied at every step if it doesn't result in his head on a pike He’s a fraudster who was content evading justice in the Bahamas for years to come. Of course there is popular desire for retribution, even beyond that which exists and continues to build against crypto at large.

If you believe he's guilty beyond a shadow of doubt, it shouldn't disturb you that he's on house arrest instead of in prison. His trial will last a year or two, his sentence probably be 10 to life (probably closer to the "life").

> believe he's guilty beyond a shadow of doubt, it shouldn't disturb you that he's on house arrest instead of in prison

I don’t believe in his guilt beyond even reasonable suspicion. I do think he is a flight risk. He is delusional enough to attempt it, and may have the hidden means by which to make it.

Re: Bankman-Fried's Shrinking ‘$250M Bond’

#17

Post by loeg »

maxbond wrote: post #4
nkurz wrote: post #2

I think this article is "directionally correct", but wrong (or at least misleading) about some key details. > Instead, Bankman-Fried’s parents promised to pledge their Palo Alto, California, home as collateral. The Palo Alto home is rumored to be worth $4 million. And that is the full extent of the collateral pledged to guarantee the $250 million bond. No other collateral was posted or promised. The first couple sent…

Seems like there's a group of people who want him to be obliterated and will be dissatisfied at every step if it isn't mounting his head on a pike. It's honestly one of the more disturbing parts of the story for me.

It's just clearly not a $250M bond. Almost nothing to do with SBF himself. I mean, also, fuck the guy, but the prosecutors claiming this is a 250M bond are just being absurd. This is a $4M bond, or maybe up to $12M depending on the assets pledged by the lesser guarantors. It's a far cry from $250M claimed by the prosecution.

Re: Bankman-Fried's Shrinking ‘$250M Bond’

#18

Post by maxbond »

rwmj wrote: post #12
maxbond wrote: post #5

Earlier quoted context omitted.

He has a constitutional right to it. He's presumed innocent in the eyes of the law.

There's no constitutional right - people accused of murder are not (often) released on bail. The 8th Amendment only applies to bail amounts when bail is granted. See also: https://en.wikipedia.org/wiki/Excessive_Bail_Clause#Preventi...

He has a constitutional protection from cruel and unusual punishment. If there's no reason to believe he's dangerous to society, and he's presumed innocent, and we can use a bond to ensure he'll appear, then there's no reason to hold him.

Re: Bankman-Fried's Shrinking ‘$250M Bond’

#19

Post by moralestapia »

maxbond wrote: post #4
nkurz wrote: post #2

I think this article is "directionally correct", but wrong (or at least misleading) about some key details. > Instead, Bankman-Fried’s parents promised to pledge their Palo Alto, California, home as collateral. The Palo Alto home is rumored to be worth $4 million. And that is the full extent of the collateral pledged to guarantee the $250 million bond. No other collateral was posted or promised. The first couple sent…

Seems like there's a group of people who want him to be obliterated and will be dissatisfied at every step if it isn't mounting his head on a pike. It's honestly one of the more disturbing parts of the story for me.

What?(!)

The guy stole billions from average people AND big time investors (he pissed on both buckets), he then proceeded to make such dumb mistakes that make him seem like it has a borderline mental issue, he also happens to be an absolute zero for charisma. How do you expect someone to sympathize with him, honestly?

What would you like to happen then?

Re: Bankman-Fried's Shrinking ‘$250M Bond’

#20

Post by texasbigdata »

JumpCrisscross wrote: post #13
moralestapia wrote: post #8

Earlier quoted context omitted.

What a weird argument you're making, >2 non-parent sureties to sign bonds in lesser amounts to be agreed to I'll be extremely generous and interpret that as two bonds worth 3.99...M each or the absolute max. value that is less than the 4M house. Would you extend a 250M credit to someone who offers you 11.8M in illiquid assets? Also, they happen to be the parents of one of the biggest fraudsters in recent years ... Co…

> they happen to be the parents of one of the biggest fraudsters in recent years Evidence seems to be building that, if they weren’t complicit, they at least benefited from his fraud.

Arguably their careers are now both collectively and irreversibly ruined. Like the Nobel prize winner that invented some major form of fertilizer that turned out to be a nazi
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