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And note, this is not, "give the court $750k, and you get $750k back once the trial is over". This is not even, "put a $750k lien on a brokerage account (with
by SilasX 4y ago
And note, this is not, "give the court $750k, and you get $750k back once the trial is over".
This is not even, "put a $750k lien on a brokerage account (with more than that in it) until the trial is over".
This is, "We will owe you $750k if the defendant flees, which you can then try to collect."
- ergocoder 4y agoSBF has obtained the highest leverage loan in the history. 1m for 250m
- stevenwoo 4y agoIt's not clear to me how his parents could even raise the amount of their home since it is Stanford faculty housing stock.
- ksherlock 4y agoAs I understand it, they "own"^1 the house and can encumber it with mortgages but Stanford owns the land and limits who it can be re-sold to 1: "residential ground lease" not "fee simple"
- gnicholas 4y agoThey would sell the house to another eligible faculty member. As long as Stanford is still hiring or tenuring new faculty, there will be a steady stream of potential buyers. In some cases, Stanford will buy on-campus homes and renovate them, and then resell them.
- yieldcrv 4y ago100x US Bond Guarantor Perp now trading on FTX
- nullc 4y ago> SBF has obtained the highest leverage loan in the history. 1m for 250m And people thought the skills he developed running FTX weren't useful...