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☆ Who are the 2 people who helped bail out Sam Bankman-Fried? Insider and other news organizations asked a judge to unseal their names.
▼ + stars: | 2023-01-12 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

News organizations, including Insider, are asking a court to unveil Sam Bankman-Fried's bail backers. Bankman-Fried's lawyers told the court earlier this month that the backers of his release should stay secret for their "privacy and safety." The two other backers sponsored "separate bonds in lesser amounts," according to a court filing earlier this month by Bankman-Fried's lawyers. At Bankman-Fried's January 3 arraignment hearing, Kaplan had granted a request from Bankman-Fried's lawyers to keep the names and addresses of those two people under seal. Christian Everdell, one of Bankman-Fried's lawyers, also represented Maxwell in her criminal case.

☆ Who are the two people who helped bail out Sam Bankman-Fried? Insider and other media organizations are asking a judge to unveil the secret
▼ + stars: | 2023-01-12 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

News organizations, including Insider, are asking a court to unveil Sam Bankman-Fried's bail backers. Bankman-Fried's lawyers told the court earlier this month that the backers of his release should stay secret for their "privacy and safety." At Bankman-Fried's January 3 arraignment hearing, Kaplan had granted a request from Bankman-Fried's lawyers to keep the names and addresses of those two people under seal. Christian Everdell, one of Bankman-Fried's lawyers, also represented Maxwell in her criminal case. But lawyers representing the media organizations said the cases were significantly different.

☆ Bankman-Fried's parents have been physically threatened, his lawyers say
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Jan 3 (Reuters) - Sam Bankman-Fried's parents have been getting physical threats since the collapse of their son's now-bankrupt FTX cryptocurrency exchange, his lawyers said on Tuesday. The disclosure was made in a filing in Manhattan federal court, where the lawyers asked that the names of two remaining sureties for Bankman-Fried's $250 million bond not be disclosed. Bankman-Fried has been required to live with his parents, Joseph Bankman and Barbara Fried, with electronic monitoring since bail conditions were set. In Tuesday's filing, his lawyers said the parents "have in recent weeks become the target of intense media scrutiny, harassment, and threats. Among other things, Mr. Bankman-Fried's parents have received a steady stream of threatening correspondence, including communications expressing a desire that they suffer physical harm."

☆ Sam Bankman-Fried asks a judge to keep secret the identities of 2 people who helped secure his $250 million bail package
▼ + stars: | 2023-01-03 | by ( Phil Rosen | Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's lawyers requested for a judge to keep confidential the identities of two individuals who helped him secure bail. "If the two remaining sureties are publicly identified, they will likely be subjected to probing media scrutiny," the lawyers wrote. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The two individuals signed on as sureties for Bankman-Fried's massive bail, which was granted after his parents put up their $4 million Palo Alto, California property as collateral. According to the lawyers' letter cited in the report, those individuals haven't signed on yet but intend to do so by January 5.

☆ The ultimate insider's guide to the dramatic downfall of Sam Bankman-Fried, Caroline Ellison, and FTX
▼ + stars: | 2023-01-01 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +11 min

Sam Bankman-Fried is facing criminal charges and is expected to enter a plea on Jan. 3. Read Insider's coverage of Bankman-Fried:FTX founder Sam Bankman-Fried gets by on 4 hours' sleep and multitasks on 6 screens. Now hit with 7 criminal charges, Ellison has pleaded guilty and expressed contrition before the New York federal court presiding over the criminal cases involving Bankman-Fried. Sam Bankman-Fried is in jail, but legal watchers are wondering: Where's ex-girlfriend Caroline Ellison? Sam Bankman-Fried hit with 8 criminal charges, including fraud and conspiracy for allegedly 'misappropriating' FTX customer fundsThe SEC has charged Sam Bankman-Fried and accused him of 'orchestrating a massive, years-long fraud'The criminal charges against Sam Bankman-Fried carry big penalties and jail time if proven, legal experts sayRead the CFTC complaint against FTX's Sam Bankman-Fried and his associates Caroline Ellison and Gary WangThe charges against Caroline Ellison, SBF, and FTX cofounder Gary Wang — in 60 seconds

☆ Sam Bankman-Fried's law professor parents have stuck close by their son through the fallout from FTX's collapse. Here's what we know about them.
▼ + stars: | 2022-12-23 | by ( Grace Dean | ) www.businessinsider.com time to read: 1 min

Sam Bankman-Fried, the disgraced cofounder and former CEO of collapsed crypto exchange FTX, is moving back in with his parents. ReutersBankman-Fried, who faces multiple fraud charges tied to the spectacular collapse of FTX, was released on $250 million bail Thursday, shortly after he landed in the US after being extradited from the Bahamas. As part of his bail terms, Bankman-Fried, who also cofounded crypto trading firm Alameda Research, is required to stay at his parents' home while he awaits trial. His parents, Joseph Bankman and Barbara Fried, live in a multimillion-dollar home in Stanford, in the San Francisco Bay Area, according to news reports and state records. Zillow estimates the value of the five-bedroom home at about $4 million, while Redfin's estimate is $3.1 million.

☆ Explainer: How did Bankman-Fried secure $250 mln bail?
▼ + stars: | 2022-12-22 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

Dec 22 (Reuters) - FTX founder Sam Bankman-Fried clinched a bail deal on Thursday that would see him released on a $250 million bond secured against his parents' property with restrictions on his movement. Here is an explainer on how his deal stacks up and how bail works:Was Bankman-Fried expected to get bail? Does the bail amount mean Bankman-Fried or his family has $250 million? In Bankman-Fried's case, the $250 million bond is secured by his parents' home. The $250 million bond does not reflect the family's assets, which could not be determined.

☆ Sam Bankman-Fried's mother is pictured arriving at his bail hearing in New York
▼ + stars: | 2022-12-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's mother, Barbara Fried, is a professor at Stanford Law School. Barbara Fried, a professor emerita at Stanford Law School, was seen laughing during Bankman-Fried's hearing earlier this month in the Bahamas when her son was called a "fugitive." Barbara Fried on her way to her son Sam Bankman-Fried's bail hearing. Until recently, Bankman-Fried's parents— both associated with Stanford Law School— have been accompanying their son in the Bahamas, where FTX was based. Joseph Bankman is described as a "leading scholar in the field of tax law," in his biography in the Stanford Law School directory.

☆ Sam-Bankman Fried to be released on $250 million bail and will be required to stay with parents ahead of FTX trial
▼ + stars: | 2022-12-22 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

Sam Bankman-Fried was granted release on $250 million bail at a court hearing Thursday. He will be required to surrender his passport and stay with his parents ahead of a federal trial on a list of charges tied to the failure of FTX. Bankman-Fried will be required to attend a court hearing in California at 10 a.m. Friday, Gorenstein ruled. Another court hearing is scheduled for January 3 in Manhattan, where Bankman-Fried is expected to enter a plea. Criminal allegations against Ellison and Wang, first filed on December 19, were unsealed in court on Thursday morning ahead of Bankman-Fried's court appearance.

☆ Sam Bankman-Fried's parents have already been to the Bahamian prison where he's being held
▼ + stars: | 2022-12-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's parents visited Fox Hill prison in the Bahamas on Thursday, DailyMail.com reported. His parents have become entwined with FTX's collapse and have stuck close by his side. His parents, Barbara Fried and Joseph Bankman, both Stanford Law professors, have become entwined in FTX's collapse. Bankman-Fried's parents have stuck close by his side since FTX's collapse. DailyMail.com published photos showing Bankman and Fried arriving at Fox Hill on Thursday.

REUTERS/Dante Carrer/File PhotoNASSAU, Dec 13 (Reuters) - Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried's first in-person public appearance since his crypto company collapsed. The Bahamas courtroom hearing, conducted over the course of six hours, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, seeking bail to dispute his extradition to the U.S. "I'm not waiving," Bankman-Fried said when asked if he would seek to waive his right to an extradition hearing. At the start of the proceedings, Bankman-Fried asked to change an Emsam patch, a medical strip applied to the skin that is used to treat adult depression. Bankman-Fried's defense counsel pointed out that Bankman-Fried had spent weeks in The Bahamas after his business collapsed without attempting to leave the country.

☆ Photos show disgraced FTX founder Sam Bankman-Fried cuffed in Bahamas on his way to jail
▼ + stars: | 2022-12-14 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

TOPSHOT - FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. - Disgraced cryptocurrency tycoon Sam Bankman-Fried was hit with multiple criminal charges December 13, 2022, accused of committing one of the biggest financial frauds in US history. FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. Sam Bankman-Fried, founder of FTX, left, and his mother Barbara Fried at the Magistrate's Court in Nassau, Bahamas, on Tuesday, Dec. 13, 2022. Bankman-Fried was denied bail by a judge, leaving the disgraced co-founder of crypto giant FTX behind bars.

☆ Parents of Sam Bankman-Fried face scrutiny over their roles in FTX
▼ + stars: | 2022-12-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Now, Joseph Bankman and Barbara Fried, the FTX founder’s parents, may face legal troubles of their own. Bankman-Fried’s lawyer declined to comment when asked about scrutiny of his parents. The new CEO of FTX is John Ray III, a restructuring expert tasked with shepherding the company through its complex bankruptcy. They have told friends that their son’s legal bills will likely wipe them out financially, according to the paper. A judge ordered that Bankman-Fried must remain in custody after denying a request for bail, calling him a flight risk.

☆ Meet Sam Bankman-Fried's family: His parents are Stanford law professors, his aunt is a dean at Columbia, and his brother is the founder of a nonprofit
▼ + stars: | 2022-12-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried was raised in an academic family based in Silicon Valley. Sam Bankman-Fried cofounded FTX in 2019 and was its CEO. FTXFTX founder Sam Bankman-Fried was arrested in the Bahamas on Monday, in a spectacular fall from grace after his crypto exchange collapsed last month. In November, Reuters reported that a $16.4 million house in the Bahamas listed Bankman-Fried's parents, Joseph Bankman and Barbara Fried, as signatories. Here are some of the prominent members of Bankman-Fried's family.

☆ Sam Bankman-Fried says figuring out how to pay his lawyers is a 'concern' after his fortune fell to 'close to nothing'
▼ + stars: | 2022-12-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried says he's "trying to figure out" how to pay his lawyers, calling it a "concern." After FTX collapsed, Bankman-Fried's fortune plummeted from around $16 billion to "close to nothing." After FTX collapsed in November, Bankman-Fried's fortune plummeted from $16 billion to $1 billion, with Bloomberg putting the value of both FTX and sister company Alameda at just $1. When asked by Chet Long, chief security officer at International Blockchain Consulting, how he was paying his lawyers, Bankman-Fried said: "That's something I'm trying to figure out right now." In response to a question about whether he had the lawyers on retainer, Bankman-Fried said: "I can't go into the details."

☆ Sam Bankman-Fried says a $16 million Bahamian house in his parents' name was actually meant to be for FTX staff
▼ + stars: | 2022-12-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried says a Bahamian house in his parents' name was meant to be for FTX staff. "It was intended to be the company's property." "I don't know the details of the house for my parents," Bankman-Fried told The New York Times' Andrew Ross Sorkin at the publication's DealBook summit on Wednesday. It was intended to be the company's property. Bankman-Fried told Sorkin on Wednesday that there were "a lot of property purchases in the Bahamas."

☆ Sam Bankman-Fried called his Stanford Law professor parents when FTX was collapsing: 'Hey guys, there might be a problem'
▼ + stars: | 2022-12-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's crypto empire FTX collapsed and filed for bankruptcy this month. He continues to receive support from his parents who are longtime Stanford Law professors. "Hey guys there might be a problem," Bankman-Fried recalled during a live virtual interview on Wednesday at The New York Times' DealBook Summit. "But anyone who was close to me, including my parents, including employees, co-workers, who fought with the company to push forward, were hurt by this and bore no responsibility for that." His mother, Barbara Fried, has been a Stanford Law professor since 1987, specializing in tax policy, property theory, and political theory, according to her university profile page.

☆ FTX pledged $600,000 to an anti-racist non-profit, but the money never arrived and Sam Bankman-Fried's father wrote to apologize
▼ + stars: | 2022-11-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's father offered anti-racist program EAT $600,000 on behalf of FTX. SBF's father told the charity he was "heartbroken," but was spending his money on his son's defense. Sam Bankman-Fried's father, Joseph Bankman, recommended programs that help close the racial wealth gap that he thought FTX should donate to. But when FTX filed for bankruptcy on November 11, Bankman wrote to Wallace to express his sadness that the money wouldn't come through. Bankman, Wallace, and FTX did not respond to Insider's request for comment.

☆ Bankman-Fried's FTX, senior staff, parents bought Bahamas property worth $300 mln
▼ + stars: | 2022-11-22 | by ( Koh Gui Qing | ) www.reuters.com time to read: +5 min

[1/5] View of the entrance to the condominium complex ONE Cable Beach, a beachfront residence in New Providence, Bahamas, November 18, 2022. The deeds show these properties, bought by a unit of FTX, were to be used as "residence for key personnel" of the company. PROPERTY PURCHASESReuters searched property records at the Bahamas Registrar General's Department for FTX, Bankman-Fried, his parents and some of the company's key executives. FTX Property Holdings Ltd, an FTX unit, bought 15 properties worth nearly $100 million in 2021 and 2022. The property records for the penthouse, dated March 17, were signed by Ryan Salame, the president of FTX Property, and showed it was intended as "residence for key personnel."

☆ EXCLUSIVE Bankman-Fried's FTX, parents bought Bahamas property worth $121 mln
▼ + stars: | 2022-11-22 | by ( Koh Gui Qing | ) www.reuters.com time to read: +5 min

The deeds show these properties, bought by a unit of FTX, were to be used as "residence for key personnel" of the company. Reuters could not determine the source of funds that FTX and its executives used to buy these properties. PROPERTY PURCHASESReuters searched property records at the Bahamas Registrar General's Department for FTX, Bankman-Fried, his parents and some of the company's key executives. FTX Property Holdings Ltd, an FTX unit, bought 15 properties worth nearly $100 million in 2021 and 2022. The property records for the penthouse, dated March 17, were signed by Ryan Salame, the president of FTX Property, and showed it was intended as "residence for key personnel."

☆ Special Report: FTX's Bankman-Fried begged for a rescue even as he revealed huge holes in firm's books
▼ + stars: | 2022-11-16 | by ( Angus Berwick Anirban Sen Elizabeth Howcroft Lawrence Delevingne | Angus Berwick | Anirban Sen | ) www.reuters.com time to read: +22 min

Sequoia was shocked at the amount of money Bankman-Fried needed to save FTX, according to the sources, while Apollo first asked for more information, only to later decline. The booklet flagged the risks of crypto trading, particularly how sudden sales of tokens could trigger a "domino effect" that would lead to a "cascading set of liquidity failures." Using profits from Alameda, Bankman-Fried launched FTX in 2019. From almost nothing in 2019, FTX handled about 10% of global crypto trading this year, a September document shows. At one point, he lived in a penthouse overlooking the Caribbean, valued at almost $40 million, according to two people who worked with FTX.

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