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Join the Securities Litigation and Enforcement Group on LinkedInWho Helped FTX’s Sam Bankman-Fried Post Bail? Identities Can Be Made Public – Bloomberg
The identities of two people who helped secure Samuel Bankman-Fried’s bail can be made public, a federal judge has ruled. US District Judge Lewis Kaplan put his order on hold until Feb. 7 to allow for an appeal. If a notice of appeal is filed before then, the hold can be extended another week to […]
How Sam Bankman-Fried Negotiated His Bail – The New York Times
Mr. Bankman-Fried had another point of leverage: U.S. prosecutors had wanted to extradite him from the Bahamas quickly, to avoid both the perception of slow-moving justice and his getting hurt in a Bahamian jail before being moved to the U.S. If he had fought extradition, he would most likely have lost that fight, but it […]
Bankman-Fried’s $250M Bail Bond Isn’t What It Appears
Sam Bankman-Fried walked out of federal court on Thursday essentially a free man. News outlets all around the globe reported that Bankman-Fried got out of jail by posting a gargantuan, unprecedented “$250 million bond.” In court, Assistant U.S. Attorney Nicholas Roos described it as the “largest ever” pretrial bond. But, as it turns out, there […]
Sam Bankman-Fried Bail: $250M Package Doesn’t Mean He Has That Much Money – Bloomberg
FTX co-founder Sam Bankman-Fried’s $250 million bail package is one of the largest in US history, but it doesn’t mean he actually has to put up that kind of money. At Bankman-Fried’s bail hearing on Thursday in federal court in Manhattan, both the prosecution and defense agreed that the former billionaire’s assets have “diminished significantly.” […]
Sam Bankman-Fried to Be Released on $250 Million Bond – WSJ
FTX founder Sam Bankman-Fried will be released on $250 million bond and restricted to confinement in his parents Palo Alto, Calif., home, a federal magistrate judge said Thursday, in the former executive’s first appearance in a New York federal court after he was extradited from the Bahamas. Mr. Bankman-Fried, charged with engaging in criminal conduct […]
Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal – The New York Times
Sam Bankman-Fried’s legal team is discussing a deal with federal prosecutors that could allow the disgraced cryptocurrency mogul to be released on bail when he is extradited to the United States, according to three people with knowledge of the matter. The terms of the deal remain fluid, the people said, and any agreement would require […]
FTX’s Sam Bankman-Fried Denied Bail by Judge in the Bahamas – The New York Times
At the end of a hearing that lasted more than three hours, the judge denied bail to Mr. Bankman-Fried, who will remain in the custody of the Bahamian authorities. The chief magistrate, Joyann Ferguson-Pratt, said Mr. Bankman-Fried’s access to financial resources made his risk of fleeing “so great” that he had to remain behind bars. […]
Prosecutors Seek to Revoke Shkreli’s Bail, Citing Post About Clinton – The New York Times
Martin Shkreli’s social-media habits have once again gotten him in serious trouble: A post of his about Hillary Clinton set off a Secret Service investigation and a request from federal prosecutors to revoke his bail because he poses “a risk of danger to the community.” Prosecutors told the federal judge overseeing Mr. Shkreli’s case that […]
Gupta to Remain Free Pending Insider Appeal
Second Circuit rules Gupta can stay out of prison while his appeal is heard.
Insider trading scam: US prosecutors oppose Rajat Gupta’s plea to remain free on bail
DOJ claims Gupta “poses a risk of flight” and has “demonstrated disrespect for the law and capacity for deceit.”