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FTX founder released on $250mn bail

December 23rd, 2022
Categories: News

Link: https://www.rt.com/business/568779-ftx-bankman-crypto-fraud-bail/

Sam Bankman-Fried has been allowed to await trial at his parents’ home after posting a record-high bond | Sam Bankman-Fried, the man accused of defrauding cryptocurrency investors out of nearly $2 billion, will be awaiting trial at his parents’ house in California, rather than in a New York jail cell, after a Manhattan judge agreed to release the FTX founder on a $250 million bond.  The shaggy-haired Bankman-Fried, who ranked as the second-largest donor to Democratic Party political campaigns in 2022, walked out of the US District Courthouse in Manhattan on Thursday afternoon, flanked by US marshals, lawyers and his parents. The bond, which matched the highest in federal court history, was reportedly secured by the 30-year-old entrepreneur’s parents, who pledged the equity in their home, and two wealthy individuals.
FTX founder Bankman-Fried allowed $250M bond, house arrest (Ground News // Articles)

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