Jakarta –
Fried Sam Bankman he arrived in his home country, the United States, New York to be exact, after being extradited by the authorities in the Bahamas. A New York court has agreed to release him on fantastic bail, pending Bankman’s court timetable.
As mentioned detikINET by CNBC, Bankman’s guarantee is worth $250 million or about Rs. 3.8 trillion. Bankman is seen exiting the United States District Court in Manhattan, accompanied by his parents, his legal team, and courthouse security guards.
Bankman will live with her parents, both professors at Harvard University. The 30-year-old will face trial, presided over by Judge Ronnie Abrams, in New York on January 3, where he will present his defense and stand trial.
Bankman’s guarantee comes from equity in his family’s home, signed by his parents and two other people with sizable assets.
In addition to his $250 million bail, which prosecutors are calling the largest pre-trial bail ever, the former crypto billionaire was required to wear an electronic monitoring bracelet, be subject to mental health counseling and restricted from travel.
Bankman-Fried is accused of committing multibillion-dollar defrauding investors at his cryptocurrency firm FTX, using client funds to buy property, fund political donations and funnel money to his other firm, Alameda Research.
US federal regulators say they have lost more than $8 billion in client funds. FTX filed for bankruptcy protection in Delaware on Nov. 11. Two of Bankman’s colleagues, Caroline Ellison and Gary Wang, pleaded guilty to related fraud and law enforcement charges.
Bankman-Fried was indicted by the United States Attorney for the Southern District on eight counts, including securities fraud and money laundering.
Sam Bankman Fried’s $250 million bail dwarfs other white-collar criminals. For example, Elizabeth Holmes, the founder of startup Theranos, was once free on $500,000 bail.
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