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Come on Stanford Daily, you can do and have done better than this. > Bankman-Fried’s breach of bail conditions may cause his [bail guarantors] to forfeit the c
by gumby 3y ago
Come on Stanford Daily, you can do and have done better than this.
> Bankman-Fried’s breach of bail conditions may cause his [bail guarantors] to forfeit the collateral they put forward
That's not how it works. The bail is to ensure you show up -- and SBF showed up and was tossed in jail to await trial. The bond is terminated; he won't get out unless the court agrees on another one (very unlikely) or he is found not guilty of all charges (ditto).
> New court filings allege that Bankman and Fried were themselves improperly enriched, and exclusive Daily reporting shows that Bankman continues to serve in official capacities at the school.
It's hardly exclusive as these points (e.g. the houses) had been printed in the newspapers at the time of their sons' arrest. And as tenured faculty there is no reason beyond shame that they should not continue to work. Probably they need the income.
If only Stanford had a law school where the author of this piece could go ask about this before writing...
- upon_drumhead 3y ago> That's not how it works. The bail is to ensure you show up -- and SBF showed up and was tossed in jail to await trial. The bond is terminated; The judge determines if all, or part of, the bond is forfeited due to the violations. I was unable to find any indication of either way online from a quick search, so it's possible it hasn't been specified yet.
- deleted 3y ago[deleted]
- fumeux_fume 3y agoYes, actually that is how it works. Breaking the conditions of your bond may lead to forfeiture. It is up to the judge to decide this.