BTC

$60622.827

-4.07%

ETH

$2983.996

-6.16%

BNB

$561.187

-5.27%

XRP

$0.494

-3.48%

News

Major Media Outlets Want The Names Of SBF’s $250 Million Bond Guaranteeors

January 13, 2023 - Around 2 mins mins to read

Key Points:

  • The two people in charge of securing the $250 million bond for former FTX CEO Sam Bankman-Fried have to be made public, according to eight significant media outlets.
  • 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.
The two people in charge of securing the $250 million bond for former FTX CEO Sam Bankman-Fried (SBF) have to be made public, according to eight significant media outlets, including Bloomberg, The Financial Times, and Reuters.
Major Media Outlets Want The Names Of SBFs 250 Million Bond Guaranteeors

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.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

FTX CEO

Sam Bankman-Fried

SBF

Avatar of Annie

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Major Media Outlets Want The Names Of SBF’s $250 Million Bond Guaranteeors

Key Points:

  • The two people in charge of securing the $250 million bond for former FTX CEO Sam Bankman-Fried have to be made public, according to eight significant media outlets.
  • 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.
The two people in charge of securing the $250 million bond for former FTX CEO Sam Bankman-Fried (SBF) have to be made public, according to eight significant media outlets, including Bloomberg, The Financial Times, and Reuters.
Major Media Outlets Want The Names Of SBFs 250 Million Bond Guaranteeors

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.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

Visited 47 times, 2 visit(s) today