Key Points:
In a letter dated Jan. 12 issued to New York District Court Judge Lewis Kaplan, lawyers for the media moguls claimed that “the public’s entitlement to know Bankman-guarantors Fried’s outweighed their privacy and safety rights.”
The Washington Post, Associated Press, Bloomberg, CNBC, Dow Jones, The Financial Times, Insider, and Dow Jones are among the media outlets attempting to urge the judge to reveal the names of Bankman-guarantors. Fried’s
In making their case, the media’s lawyers used case precedent from Ghislaine Maxwell’s Dec. 2020 case — where the bond guarantors’ names weren’t revealed — to argue that Sam Bankman-Fried’s financial crimes were not as serious as Maxwell’s involvement in Jeffery Epstein’s child sex traffic ring scandal:
“While Mr. Bankman-Fried is accused of serious financial crimes, a public association with him does not carry nearly the same stigma as with the Jeffrey Epstein child sex trafficking scandal.”
Reuters reported on January 12 that Bankman-attorneys Fried had previously argued that Bankman-sureties Fried should remain anonymous because Joseph Bankman and Barbara Fried, Bankman-parents Fried and co-signers of the $250 million bond, have been the target of persistent physical threats ever since FTX’s disastrous collapse in early November.
The guarantors’ welfare and safety would be “serious cause for concern” if their names were made public, according to Bankman.
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