On Wednesday, the judge overseeing the criminal trial for Sam Bankman-Fried ordered the names of the co-signers to be unsealed on the disgraced FTX founder’s $250 million bond. .
In a nutshell, the names of the two bailiffs were revealed in court filings: Larry Kramerdean of Stanford Law School, and Andreas Paepckea senior research scientist at Stanford University.
After the U.S. Department of Justice charged Bankman-Fried with eight counts related to the collapse of FTX, including wire fraud and campaign finance violations, in December the issue of bailiffs founder has become a point of tension between defense attorneys and the media. organization.
Despite the enormous size of Bankman-Fried’s $250 million bond, he didn’t have to pay this amount upfront. Instead, his parents mortgaged their Palo Alto house. He also has to find two people who are not family members to come forward as bail.
Two people agreed signed bonds for $500,000 and $200,000, even though Bankman-Fried .’s attorneys search to edit their names and identifying information, citing privacy concerns and threats facing the Bankman-Fried family.
Media organizations disagree, with prominent agencies including Bloomberg and Reuters filings request to protest the redaction in January. Judge Lewis Kaplan, who was overseeing the trial, ultimately sided with the media organisations, decision that the public’s right to know is more important than arguments about confidentiality.
After allowing Bankman-Fried’s lawyers to appeal, Kaplan ordered the names to be sealed on Wednesday. in one file a court applicationhe said the defense attorneys had notified the appeal but had not applied for an adjournment, so he directed the court clerk to file an unrestricted appeal.
The first, Larry Kramer, signed on to a larger bond worth $500,000. Kramer was the dean of Stanford Law School from 2004 to 2012, where both Bankman-Fried’s father and mother were professors. In December, Kramer was quote in one New York Times female focuses on the Bankman-Fried parent’s role in the demise of FTX.
“I have a friend who said, ‘You don’t want to be seen with them,’” Kramer told the newspaper. time. “I don’t understand how this doesn’t bankrupt them.”
Paepcke signed a $200,000 bond. Like Kramer, Paepcke is also affiliated with Stanford University, where a online bio describes him as a senior research scientist with a focus on computer science. His connection to the Bankman-Fried family was not immediately clear, although he appears to have attended Harvard University at the same time as Bankman-Fried’s mother, Barbara Fried.
Kramer shared a statement to Blockwrites that he and his wife have been close friends of Bankman-Fried’s parents since the mid-1990s.
“My actions are within my personal power and I have no business dealings or interests in this matter other than helping our loyal and steadfast friends,” he said.
A phone number listed for Paepcke has been forwarded to voicemail. He did not respond to an email request for comment from Luck.
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