According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case disclosed the co-signatories of the Bankman-Fried bond on Wednesday. The names of two of the signatories to the bail bonds previously redacted from court documents are Stanford graduates Larry Kramer and Andreas Pipke.
Details appear in SBF’s Bail Bond Co-signer
Sam Bankman-Fried (SBF), co-founder of FTX, faces eight counts of financial misconduct for mishandling client funds. He is currently out on bail and being monitored by an ankle bracelet, and his trial is scheduled for October. 3, 2023. The $250 million SBF bond agreement was secured by his parents’ home at Stanford University, and two co-signers endorsed the agreement. However, their names were not previously known because lawyers argued that they should not be withheld for privacy reasons.
On Wednesday, a New York judge unveiled the previously redacted names of the two signatories, revealing that they are both prominent members of Stanford University. One of the cosigners was Larry Kramer, a former dean of the Stanford Law School from 2005 to 2012. The other signatory was Andreas Babek, a senior research scientist in computer science at Stanford University. Kramer is the president of the left-leaning Hewlett Foundation, which aims to promote “effective philanthropy.” He has described SBF’s parents as “the best of friends”. In a statement sent to several media publications, Kramer said:
Joe Bankman and Barbara Fried have been close friends with my wife and I since the mid-1990s. For the past two years, while my family has faced a horrific battle with cancer, they have been the truest of friends—bringing food, offering moral support, and often stepping in at a moment’s notice to help. In turn, we have sought to support them as they face their own crisis.
According to reports, several news outlets have attempted to obtain comment from computer science researcher Andreas Paepcke, but he has not responded to requests. According to his bio, Paepcke is interested in “interfaces and systems” and leverages “data analytics to create tools that benefit these online efforts.” Some people are on Twitter too comment On the similarities between SBF and Paepcke. SBF Tell Journalist Tiffany Fung states that none of the bond’s underwriters “received payments from FTX or Alameda.”
What are your thoughts on revealing the identities of the co-signers in Sam Bankman-Fried’s bail agreement? Share your thoughts in the comments below.
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