Home Economy New SBF bail docs simply dropped

New SBF bail docs simply dropped

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A federal courtroom in New York has unsealed paperwork with the non-family signatories for Sam Bankman-Fried’s bail. Seems they’re former Stanford professors, as our colleague Joe Miller on the FT has reported.

Their identities have been a focal point amongst financial-industry varieties. Past the apparent causes of newsworthiness — SBF’s legal costs stem from one of many messiest bankruptcies in trendy historical past — the big dimension of the bail ($250mn) required the 2 non-family signatories to place up a mixed $700,000, elevating questions on whether or not the signatories had been financial-industry varieties themselves.

Right now we realized they aren’t!

Larry Kramer, former dean of Stanford’s Regulation Faculty, confirmed to mainFT that he was one of many signatories for SBF’s bail, and stated that he has been associates with SBF’s dad and mom for the reason that Nineties, and signed as a result of he wished to assist the fallen cryptowunderkind’s dad and mom by means of a disaster. He put up $500,000.

Andreas Paepcke, a professor of laptop science at Stanford, put up the remaining $200,000. He hasn’t but responded to our name and electronic mail looking for remark. Paepcke has a totally charming school web site the place he discusses his musical endeavours, curiosity in poetry, and “great midlife-crisis-red Honda scooter.” One other of his listed hobbies is “worrying”, so please be variety, commenters!

Anyway, yow will discover the complete bail paperwork, with signatures unredacted, right here and right here.

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