Home > NEWS > Judge allows release of identities of guarantors behind Sam Bankman-Fried’s bail

Judge allows release of identities of guarantors behind Sam Bankman-Fried’s bail

Court documents show that Stanford University research scientist Andreas Paepcke and former Stanford Law School dean Larry Kramer signed on as sureties to SBF’s $250 million bond.

At the request of several mainstream media, a federal judge allowed the identity of the loan guarantor guaranteed by Rob Bankman-Fried, the former CEO of FTX.

According to court documents released on February 15th, the two previously unknown sources were Andreas Pepke, a high-end scientific research expert at Stanford School, and Sagar Kramer, a former doctor in the Stanford School of Law. On January 25th, the two men signed for $200000 and $500000, respectively, to guarantee Bankman-Fry 's parole company.

SBF's parents, Franz Bankman and Barbara Fried, were the other two, who signed a ransom in December 2022 after their son's arraignment. Before his children were arrested, both men were law professors at Stanford, and Bankman seemed more like the target of the FTX bankruptcy, when corporate borrowers issued subpoenas against him, his children and other "insiders" on Feb. 14.

According to Business Insider on Feb. 15, Kramer shows that he has been a friend of Bankman and Fried since the 1990s, and that his donation of about $500000 is based on this relationship. At this stage, it is not clear what connection Peppec has with Bankman-Fried or his parents.

Bankman-Fry 's bail conditions limit her detention at her parents' home in California, but he has allowed her to leave so she can appear in court and pay other subsidies. Judge Lewis Kaplan changed SBF's bail conditions, including restricting access to some information applications, using virtual private networks, and contacting current and former employees of FTX and Alameda Research.

Eight key mainstream media protested to Judge Kaplan in a letter on January 12th, requiring the people's court to publish the names of two people who were "suitable for economic development for old Mr. Bankman-Fried". The judge initially approved the letter, but extended the release of the loan guarantor until Feb. 7, making it easier for the SBF legal elite team to sue.

In a letter dated Jan. 3, Bankman-Fry 's lawyer resisted the release of the identities of Paepcke and Kramer, whose names were not disclosed at the time, saying that Bankman and Fry had been "the overall targets of high attention, harassment and attack by the news media." The elite team of laws and regulations announced that they were prepared to appeal Kaplan's decision, which extended the release of the information until February 14.

SBF's criminal trial is scheduled to be gradual in October, while FTX's bankruptcy case is still under way. King Gamo, founder of FTX, and Caroline Ellison, former CEO of Alameda Research Center, have turned themselves in to some charges and are reported to be cooperating with the government.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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