EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

SBF Requested The Judge To Keep The Identities Of His Bail Guarantors Secret

Admin by Admin
January 4, 2023
in Crypto News
0
SBF’s $250m Bond Guarantors To Be Revealed
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

Founder of defunct crypto exchange FTX, Sam Bankman-Fried (SBF), requested federal judge Lewis Kaplan to keep the identities of his additional bail guarantors secret. Judge Kaplan was assigned to oversee SBF’s criminal trial after judge Ronnie Abrams recused herself citing a potential conflict of interest.

SBF was granted a $250 million bail on Dec. 22, 2022, the highest pre-trial bail bond in US history. The bond was secured by SBF’s parents, who pledged the equity in their house in Palo Alto, California.

SBF and his parents signed the bail bond, but the judge as is usual in the case of large bail amounts asked that the bond be signed by two other individuals of considerable means, one of whom should not be a relative.

For large bail bonds like that of SBF, courts often require multiple people to sign on as sureties to ensure that the defendant appears in court. Defense lawyers often seek to mask the identities of the bail guarantors to shield them from public criticism.

The letter stated that the two additional guarantors of SBF’s bail bond intend to sign by the deadline of Jan. 5. If the two remaining sureties are publicly identified, they will likely be subjected to probing media scrutiny and potentially targeted for harassment, despite having no substantive connection to the case.

In the FTX bankruptcy case, a judge granted anonymity to FTX creditors, including those with substantial net worths, who did not wish their names to be made public.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: bail guarantorsCryptoSBF
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Community Makes South Park Version Of CZ Binance

Next Post

Solana Surges 16% As Doge Themed SHIB Rival BONK Takes Off

Admin

Admin

Next Post
Solana Surges 16% As Doge Themed SHIB Rival BONK Takes Off

Solana Surges 16% As Doge Themed SHIB Rival BONK Takes Off

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
Signature Bank Faces Charges Overlooking FTX Fraud

Signature Bank Faces Charges Overlooking FTX Fraud

February 7, 2023
Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

February 7, 2023
31% Of Investors Do Not File Crypto Taxes To IRS

Crypto Banking Firm Juno Resumed Crypto Services After Halt

February 7, 2023
Crypto Prices To Recover As DCG, Genesis, Gemini, And Creditors Reach Agreement

Crypto Prices To Recover As DCG, Genesis, Gemini, And Creditors Reach Agreement

February 7, 2023

Recent News

Signature Bank Faces Charges Overlooking FTX Fraud

Signature Bank Faces Charges Overlooking FTX Fraud

February 7, 2023
Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

February 7, 2023
31% Of Investors Do Not File Crypto Taxes To IRS

Crypto Banking Firm Juno Resumed Crypto Services After Halt

February 7, 2023
Crypto Prices To Recover As DCG, Genesis, Gemini, And Creditors Reach Agreement

Crypto Prices To Recover As DCG, Genesis, Gemini, And Creditors Reach Agreement

February 7, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

Signature Bank Faces Charges Overlooking FTX Fraud

Signature Bank Faces Charges Overlooking FTX Fraud

February 7, 2023
Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

February 7, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>