3 ms·
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
by 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 agoYou’re right. I thought they jointly and severally guaranteed the $250mm. That does not appear to be the case.