3 ms·
> The bond was secured by equity in his family home, and by the signatures of his parents and two other individuals with “considerable” assets. Who are these u
by jamesgreenleaf 4y ago
> The bond was secured by equity in his family home, and by the signatures of his parents and two other individuals with “considerable” assets.
Who are these unnamed individuals, and what is their interest in this?
- bandyaboot 4y agoI’m not sure why that would matter. I would think all that would matter is having people willing to be on the hook if he skips town.
- hanoz 4y agoIt would matter if they were willing to lose the money to avoid a trial, for starters.
- bandyaboot 4y agoFair point. Any idea if judges typically consider such things in this kind of case?
- dredmorbius 4y agoBonds agencies do. The term is "flight risk". <https://www.allcitybailbonds.com/2015/10/what-makes-someone-a-flight-risk https://www.allcitybailbonds.com/2015/10/what-makes-someone-...> A 2007 NYT article describes particulars within the context of one case. In part: To hear Ms. Weinstock tell it, Ms. Chanla was the ultimate flight risk. She was foreign born, and lacked ties to New York. She swapped identities like a chameleon, using at least two different names, the prosecutor said. A week ago, detectives with a New York arrest warrant knocked on the door of “her Los Angeles home,” the prosecutor said, and found her parents, who “claimed they had no way of getting in touch with her.” <https://www.nytimes.com/2007/07/04/nyregion/04bail.html https://www.nytimes.com/2007/07/04/nyregion/04bail.html> SBF is an American citizen with two parents in high-reputation, reasonably high-profile professional positions (at Stanford University), by contrast. (I've no opinion one way or the other whether or not he should be free on bail.)
- bandyaboot 4y agoThe more thorny scenario I’m wondering about is when there’s a person A who is attempting to post bail for person B, but there’s reason to suspect person A may be implicated in the same crime or a related crime as person B. Person A may very well be willing to lose that money with the expectation that person B flees and doesn’t implicate them.
- dredmorbius 4y agoThat could be, though what value SBF might have to someone that's worth giving up $250 Large Large (and SBF's parents) raises any number of interesting speculations.
- ars 4y agoThere would still be a trial, even if he's not there.
- landemva 4y agoThey won't lose the money if SBF dies before court. Maybe SBF would be safer in MCC? https://www.bop.gov/locations/institutions/nym https://www.bop.gov/locations/institutions/nym
- smileysteve 4y agoIt matters if the people putting forward that cash were compensated by the scheme; Ie, if his paying bond (and potentially skipping town) is performed in a way to reduce compensation to the fraud/bankruptcy claimants.
- deleted 4y ago[deleted]