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so the parents apparently have $249m in assets? or this means the non-parent co-signers just wrote checks for $500k + $200k and assume some portion of the $250m

so the parents apparently have $249m in assets? or this means the non-parent co-signers just wrote checks for $500k + $200k and assume some portion of the $250m liability? If it’s as little as $700k then makes sense any law firm or debtor might be staking a position here.

nkurz 4y ago
No, his parents are not assumed to have assets necessary to cover the full $250M. There may be a judgment against them for this amount if he fails to appear, but they likely will not meet it. No, the additional sureties are not responsible for amounts beyond the amounts they have already committed. Ken White (Popehat) has a good explainer here: https://www.serioustrouble.show/p/how-did-sam-bankman-fried-get-bail https://www.serioustrouble.show/p/how-did-sam-bankman-fried-... Dragonwriter has a good answer with links to the law here: https://news.ycombinator.com/item?id=34108874 https://news.ycombinator.com/item?id=34108874