4 ms·

Can someone clarify exactly why his bond is 250M, but this claims two former law professors posted 750K. Where did the other... 249.25M come from?

deleted 4y ago
[deleted]
bragr 4y ago
It's an unsecured bond. If he fails to show up, the government goes after him and his parents for the $250 million, basically making them destitute for the rest of their lives. Basically his bail is secured by the threat of his parents being ruined.
- tptacek 4y ago
  As I understand it, an unsecured bond is simply one where you don't pay unless the defendant doesn't show up. That would mean the two non-parental guarantors haven't ponied up cash, but will each be out 6 figures in the (very unlikely) event SBF doesn't make it to trial. His parents are a different story, and my understanding is that they'd be zeroed out if SBF jumped bail.
  - deleted 4y ago
    [deleted]
  - blobbers 4y ago
    Or they'd escape with him, and some stolen amount of money to a country where there is no means for recourse?
    - tptacek 4y ago
      Then none of this matters anyways.
    - MagicMoonlight 4y ago
      But to which country? There is basically nowhere that the CIA couldn’t get you. Would all these people be willing to get hunted like that for 50 years in order to help a moron escape the law?
      - EVa5I7bHFq9mnYK 4y ago
        Russia, of course. CIA agents, being US citizens, are forbidden to go there.
- mrtksn 4y ago
  Are the parents still ruined if SBF stashed a billion somewhere? All things considered, it can be an intellectual exercise for the parents and a way to start a new life instead of living a life where their child rots in prison.
  - blobbers 4y ago
    People without kids have no idea the will of parents to preserve their children. If SBF is being tapped for 20+ years, firstly his parents as law professors know it, and secondly will fight it.
dragonwriter 4y ago
> Can someone clarify exactly why his bond is 250M, but this claims two former law professors posted 750K. They didn’t post anything. They stand surety for the smaller amount, they didn’t provide security for it. This was part of the terms of his bail agreement that his parents would stand as full-value sureties as well as providing certain security (nowhere near the full bail amount is secured), while two other sureties would stand for lesser amounts to be specified separately. Paying the full amount of bail as cash security is simply not how things normally work, though it is an option in some cases in some systems.

deleted 4y ago

[deleted]

bragr 4y ago

It's an unsecured bond. If he fails to show up, the government goes after him and his parents for the $250 million, basically making them destitute for the rest of their lives. Basically his bail is secured by the threat of his parents being ruined.

tptacek 4y ago
As I understand it, an unsecured bond is simply one where you don't pay unless the defendant doesn't show up. That would mean the two non-parental guarantors haven't ponied up cash, but will each be out 6 figures in the (very unlikely) event SBF doesn't make it to trial. His parents are a different story, and my understanding is that they'd be zeroed out if SBF jumped bail.
- deleted 4y ago
  [deleted]
- blobbers 4y ago
  Or they'd escape with him, and some stolen amount of money to a country where there is no means for recourse?
  - tptacek 4y ago
    Then none of this matters anyways.
  - MagicMoonlight 4y ago
    But to which country? There is basically nowhere that the CIA couldn’t get you. Would all these people be willing to get hunted like that for 50 years in order to help a moron escape the law?
    - EVa5I7bHFq9mnYK 4y ago
      Russia, of course. CIA agents, being US citizens, are forbidden to go there.
mrtksn 4y ago
Are the parents still ruined if SBF stashed a billion somewhere? All things considered, it can be an intellectual exercise for the parents and a way to start a new life instead of living a life where their child rots in prison.
- blobbers 4y ago
  People without kids have no idea the will of parents to preserve their children. If SBF is being tapped for 20+ years, firstly his parents as law professors know it, and secondly will fight it.

dragonwriter 4y ago

> Can someone clarify exactly why his bond is 250M, but this claims two former law professors posted 750K. They didn’t post anything. They stand surety for the smaller amount, they didn’t provide security for it. This was part of the terms of his bail agreement that his parents would stand as full-value sureties as well as providing certain security (nowhere near the full bail amount is secured), while two other sureties would stand for lesser amounts to be specified separately. Paying the full amount of bail as cash security is simply not how things normally work, though it is an option in some cases in some systems.