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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, b
by 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