6 ms·

Yeah that seems crazy.. 0.28% of the bail amount is all that was needed to be put up?

mometsi 4y ago
The guy has a supernatural ability to get people to accept insane financial arrangements. They need to bind his mouth or something. Have everyone plug their ears during his testimony, and tie down the court stenographer like Odysseus.
- zeven7 4y ago
  It's honestly very hard to believe what he continues to get away with. How can this guy be this persuasive? I've even heard him talk for hours, and yeah he's good at talking and sounding persuasive, but not that good. On the other hand, I can't argue with the results. There was a villain in Get Smart who had a way of making everybody love him if they looked in his eyes. It's almost as if something like that is going on.
  - eastbound 4y ago
    It could be the network. Whatever he belongs to. Maybe they do protect each other.
JumpCrisscross 4y ago
> 0.28% of the bail amount is all that was needed to be put up Posted. It’s all “put up.” Most people don’t have $250mm in cash, but quite a few have that much in assets. The court does better ring-fencing them than forcing a fire sale or jailing SBF with fewer strings to pull.
- zeven7 4y ago
  So who posted the bulk of the $250 million then? Is it these two people being talked about, SBF himself, or something else? Who stands to lose $250 million here if SBF runs, and where will that money come from?
- loeg 4y ago
  > Most people don’t have $250mm in cash, but quite a few have that much in assets. The court does better ring-fencing them than forcing a fire sale or jailing SBF with fewer strings to pull. Well, yes, but no one involved has posted or claimed to have $250M in assets, either.
  - JumpCrisscross 4y ago
    > no one involved has posted or claimed to have $250M in assets Yes, they have. They’re under seal with the court. (EDIT: Never mind.)
    - loeg 4y ago
      The sealed guarantors posted $700k -- not $250M. I must have missed any claim that they definitely have $245M (or so) in other assets.
    - SilasX 4y ago
      Sorry, where are you getting that the anonymous parties have (or claim to have) $250M in assets? I don't see that attested to in the documents[2] or reported in reliable explanations of the bail arrangement[1]. I don't even see where the anons are under the already-lenient requirements that the parents are, who also don't have to show $250M in assets. From [1]: >>Two non-parent sureties have to sign the bond, pledging amounts approved by the government, by January 5. That means Bankman-Fried must find two non-parent supporters with substantial assets to agree to sign off on the bond and be responsible for up to a specified amount (likely in the hundreds of thousands) if he breaks the terms of the bond. Those parties might not even be liable for the full $250M, let alone have current access to that much. [1] Explanation: https://www.serioustrouble.show/p/how-did-sam-bankman-fried-get-bail https://www.serioustrouble.show/p/how-did-sam-bankman-fried-... [2] Court document: https://www.serioustrouble.show/api/v1/file/fed30a78-b85e-447e-ab29-0fb3fd43b37e.pdf https://www.serioustrouble.show/api/v1/file/fed30a78-b85e-44...
      - JumpCrisscross 4y ago
        You’re right. I thought they jointly and severally guaranteed the $250mm. That does not appear to be the case.

The guy has a supernatural ability to get people to accept insane financial arrangements. They need to bind his mouth or something. Have everyone plug their ears during his testimony, and tie down the court stenographer like Odysseus.

zeven7 4y ago
It's honestly very hard to believe what he continues to get away with. How can this guy be this persuasive? I've even heard him talk for hours, and yeah he's good at talking and sounding persuasive, but not that good. On the other hand, I can't argue with the results. There was a villain in Get Smart who had a way of making everybody love him if they looked in his eyes. It's almost as if something like that is going on.
- eastbound 4y ago
  It could be the network. Whatever he belongs to. Maybe they do protect each other.

JumpCrisscross 4y ago

> 0.28% of the bail amount is all that was needed to be put up Posted. It’s all “put up.” Most people don’t have $250mm in cash, but quite a few have that much in assets. The court does better ring-fencing them than forcing a fire sale or jailing SBF with fewer strings to pull.

zeven7 4y ago
So who posted the bulk of the $250 million then? Is it these two people being talked about, SBF himself, or something else? Who stands to lose $250 million here if SBF runs, and where will that money come from?
loeg 4y ago
> Most people don’t have $250mm in cash, but quite a few have that much in assets. The court does better ring-fencing them than forcing a fire sale or jailing SBF with fewer strings to pull. Well, yes, but no one involved has posted or claimed to have $250M in assets, either.
- JumpCrisscross 4y ago
  > no one involved has posted or claimed to have $250M in assets Yes, they have. They’re under seal with the court. (EDIT: Never mind.)
  - loeg 4y ago
    The sealed guarantors posted $700k -- not $250M. I must have missed any claim that they definitely have $245M (or so) in other assets.
  - SilasX 4y ago
    Sorry, where are you getting that the anonymous parties have (or claim to have) $250M in assets? I don't see that attested to in the documents[2] or reported in reliable explanations of the bail arrangement[1]. I don't even see where the anons are under the already-lenient requirements that the parents are, who also don't have to show $250M in assets. From [1]: >>Two non-parent sureties have to sign the bond, pledging amounts approved by the government, by January 5. That means Bankman-Fried must find two non-parent supporters with substantial assets to agree to sign off on the bond and be responsible for up to a specified amount (likely in the hundreds of thousands) if he breaks the terms of the bond. Those parties might not even be liable for the full $250M, let alone have current access to that much. [1] Explanation: https://www.serioustrouble.show/p/how-did-sam-bankman-fried-get-bail https://www.serioustrouble.show/p/how-did-sam-bankman-fried-... [2] Court document: https://www.serioustrouble.show/api/v1/file/fed30a78-b85e-447e-ab29-0fb3fd43b37e.pdf https://www.serioustrouble.show/api/v1/file/fed30a78-b85e-44...
    - JumpCrisscross 4y ago
      You’re right. I thought they jointly and severally guaranteed the $250mm. That does not appear to be the case.