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>There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes I
by fardo 4y ago
>There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes
I don’t agree with this theory, as I think it’s rather likely SBF will be viewed as a flight risk.
• His heavy involvement in the cryptocurrency space makes it likely he has significant moveable digital cash reserves that cannot be easily seized and which would greatly aid an escape.
• He has shown himself to be extremely mobile and was seemingly already attempting to get some distance from the USA, given that he was arrested in the Bahamas
• The gravity of sentences charges he’s potentially facing are vast, and he has many incentives to flee prosecution if it means potentially dodging spending 10-20++ years in jail
I therefore think it’s very unlikely he gets bail.
- pjc50 4y agoConfiscate his passport, put his face on the no-fly list, and electronic tag him? Although possibly more relevant is the reasons Kevin Mitnick was denied bail; what can he do from a computer?
- 1vuio0pswjnm7 4y agoBoth Ellison's and Wang's plea agreements contain the same unmodified provision from the US Attorney's Office requiring them to agree to surrender their travel documents as a condition of bail in exchange for the US Attorney promise not to object to their release on bail.
- danielfoster 4y agoIt’s hard to know for sure but I agree. SBF might catch a break for looking innocent and young, but this really is a textbook example of when bail should not be granted. Bail may happen if he ends up cooperating. I’m very interested to see if the parents are charged.
- throwaway0x7E6 4y ago>looking innocent lol. lmao even
- landemva 4y agoThe IRS likely can get the parents on gifts of property and travel. I guess the parents will walk, though.