Friday, December 23, 2022

Do they just want him in jail so he can't talk?

Reports of a quarter billion dollar ‘bond’ for Bankman-Fried are almost as fraudulent as the crimes of which he is accused

The public is being bamboozled about the conditions for pretrial release of accused mega-fraudster Sam Bankman-Fried. 

It is the worst possible signal to those who fear that his scores of millions of dollars of political donations have bought him kid-glove treatment by the judicial system.

The stories you read and hear from the media would have you believe that a “record” bail of $250 million has been paid to ensure that he doesn’t flee the country or otherwise evade prosecution. Where that figure comes from, I don’t know, but this account from The Hill  suggests that the federal prosecutors from the Southern District of New York had a hand in it:

At the request of prosecutors, Manhattan U.S. District Court Judge Gabriel Gorenstein agreed to the bond price and said Bankman-Fried can reside at his parent’s home in Palo Alto, Calif., ahead of the trial, according to The Associated Press.

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