"In the case of Bankman-Fried’s astronomical bond, 15% of 250millionwouldbe37.5 million. But Bankman-Fried did not pay 37.5millionforhisbond.No,Bankman−Friedactuallypaidnocashatallforhis“250 million bond.” Nothing. Zero.
Bankman-Fried’s parents promised to pledge as collateral their Palo Alto, California, home, where he'll also be staying under house arrest. The Palo Alto home is rumored to be worth 4million.Andthatisthefullextentofthecollateralpledgedtoguaranteethe250 million bond. No other collateral was posted or promised.
Bankman-Fried was simply released from custody on something called a personal recognizance bond. The personal recognizance bond contains Bankman-Fried’s solemn promise (and his parents’ promise) to pay the court $250 million if he fails to show up for trial at the appointed time"
"In the case of Bankman-Fried’s astronomical bond, 15% of 250millionwouldbe37.5 million. But Bankman-Fried did not pay 37.5millionforhisbond.No,Bankman−Friedactuallypaidnocashatallforhis“250 million bond.” Nothing. Zero.
Bankman-Fried’s parents promised to pledge as collateral their Palo Alto, California, home, where he'll also be staying under house arrest. The Palo Alto home is rumored to be worth 4million.Andthatisthefullextentofthecollateralpledgedtoguaranteethe250 million bond. No other collateral was posted or promised.
Bankman-Fried was simply released from custody on something called a personal recognizance bond. The personal recognizance bond contains Bankman-Fried’s solemn promise (and his parents’ promise) to pay the court $250 million if he fails to show up for trial at the appointed time"