Imagine being so well-connected that someone shows up to post a $250M bail bond on your behalf. Must be nice.
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FTX founder Sam Bankman-Fried to be released on $250M bail
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Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#342Be nice if all those senators returned those political donations now
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Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#343Plot twist: it's $250M worth of Eth and the bracelet is hooked up to a smart contract that transfers funds if he violates the constraints
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Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#344Impressive. He was just short 10B of customer funds and managed to come up with 250M so quickly! Must be a legendary trader.
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Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#345Earlier quoted context omitted.
I wonder what those in pretrial detention in Rikers do without internet, there only because they don’t have resources to bond out.
Your solution to needless suffering is to add more needless suffering?
If we only permitted accused criminals to have public defendants, instead of being able to hire expensive lawyers, I expect that improving the public defense system would magically become a priority for everyone, or at least, for half of the legal profession. If we got rid of TSA-precheck, I would expect some of the bullshit that regular travelers have to go through would be eliminated.
It's pretty easy for people with power and influence to not give a shit about what the rest of us have to deal with, when they never need to experience it.
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#346Earlier quoted context omitted.
I'm surprised anybody would be willing to risk $246 M for a known fraudster. And I highly doubt their home will still be their home when this is all over.
His parents now have a very good incentive to make sure he makes it to court. Once he makes it to court, that $250 million is paid back. The only thing the parents lose would be the interest payments on the loan from now until the court date.
Don’t they already have another house in the tropics? He is gone, this is ridiculous.
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#347Earlier quoted context omitted.
Should be denied access to the internet too, like most internet related criminals are on bond conditions.
That seems needlessly cruel. I'm all for getting to the bottom of what SBF did, but he hasn't been convicted of any crime yet. It's important that we go through the process before applying punishments.
No internet? Oh the humanity
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#348Earlier quoted context omitted.
Bonds agencies do. The term is "flight risk". https://www.allcitybailbonds.com/2015/10/what-makes-someone-... > A 2007 NYT article describes particulars within the context of one case. In part: To hear Ms. Weinstock tell it, Ms. Chanla was the ultimate flight risk. She was foreign born, and lacked ties to New York. She swapped identities like a chameleon, using at least two different names, the prosecutor said. A wee…
The more thorny scenario I’m wondering about is when there’s a person A who is attempting to post bail for person B, but there’s reason to suspect person A may be implicated in the same crime or a related crime as person B. Person A may very well be willing to lose that money with the expectation that person B flees and doesn’t implicate them.
That could be, though what value SBF might have to someone that's worth giving up $250 Large Large (and SBF's parents) raises any number of interesting speculations.
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#349250mil of other peoples money.
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#350Earlier quoted context omitted.
Why should anyone who isn't a danger to the community be held in jail pre-trail?
In this context; someone who can't afford bail makes someone a danger to the community?
Why would you assume that? In general I don't think people should be held pre trial for non violent crimes.