SBF shocking bail request: will he get special treatment for ‘close friends?’

TL;DR Breakdown

  • SBF wants his “close friends” to be able to visit him at his parents’ home without having to go through the court-ordered security measures currently in place.
  • The security measures outlined in Bankman-Fried’s bail conditions require a security guard to be present at the house to screen visitors for electronic devices, as well as having visitors sign an electronic visitor log. 
  • As part of his current bail conditions set by Judge Kaplan, Bankman-Fried is allowed limited use of a laptop that can only access court-approved sites, including selected news sites and YouTube. 

Description

Sam Bankman-Fried, the former CEO of FTX, has recently requested a modification to his bail conditions in a letter to New York District Court Judge Lewis Kaplan. The letter states that SBF wants his “close friends” to be able to visit him at his parents’ home without having to go through the court-ordered security measures … Read more

Sam Bankman-Fried, the former CEO of FTX, has recently requested a modification to his bail conditions in a letter to New York District Court Judge Lewis Kaplan. The letter states that SBF wants his “close friends” to be able to visit him at his parents’ home without having to go through the court-ordered security measures currently in place.

The security measures outlined in SBF’s bail conditions require a security guard to be present at the house to screen visitors for electronic devices, as well as having visitors sign an electronic visitor log. At present, only Bankman-Fried’s lawyers and employees of his contracted law firm are exempt from these checks. However, the defense team has requested that the measures be extended to visitors who have been “pre-approved” by the court.

The list of visitors, which was reviewed by prosecutors without objections, consists of “close friends and colleagues of Mr. Bankman-Fried’s parents and household help that regularly visit the house,” as mentioned in the letter. The defense team filed the list under seal, arguing that the privacy and safety of the individuals on the list outweigh any presumption of public access to it.

SBF restrictions

As part of his current bail conditions set by Judge Kaplan, SBF is allowed limited use of a laptop that can only access court-approved sites, including selected news sites and YouTube. He also possesses a phone that has no internet access and can only be used for calls and texts. The defense team assures that those on the visitor list are aware of Bankman-Fried’s bail conditions, including the prohibition on sharing electronic devices with him.

Bankman-Fried has been residing at his parents’ house in Palo Alto, California since being granted bail in December 2022. The same house was put up as collateral for his substantial $250 million bail bond.

A trial for the 13 charges leveled against Bankman-Fried was initially scheduled to commence on October 2, but five of the charges have been split into a separate trial set to begin on March 11, 2024.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:SBF shocking bail request: will he get special treatment for ‘close friends?’

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月15日 05:52
Next 2023年7月15日 07:52

Related articles

  • U.S. national debt surpasses $32 trillion, raising concerns over fiscal future

    TL;DR Breakdown The U.S. national debt has reached a record-breaking $32 trillion, raising concerns about the country’s fiscal trajectory and prompting calls for reform. Despite bipartisan efforts to suspend the debt limit and implement spending cuts, the debt is projected to surpass $50 trillion by the end of the decade. Congress faces challenges in reconciling spending bills and considering new tax cuts, while experts emphasize the need to address the costs of social safety net programs and ensure long-term fiscal stability. The gross national debt of the United States has exceeded $32 trillion for the first time, highlighting the country’s concerning fiscal trajectory as policymakers gear up for another debate on government spending. This milestone, reached earlier than pre-pandemic forecasts had projected, reflects the massive emergency expenditures aimed at addressing the impact of Covid-19 and prolonged periods of sluggish economic growth. Mounting debt and fiscal concerns Republicans and Democrats have expressed apprehension about the nation’s debt, yet neither party has demonstrated a willingness to address its principal drivers, such as Social Security and Medicare spending. Despite the recent bipartisan agreement…

    Article 2023年6月19日
  • $3.1M NFT scandal unearthed by a Blockchain investigator

    TL;DR Breakdown Blockchain investigator ZachXBT’s research has played a crucial role in a class-action lawsuit filed in Canada against Boneheads, an NFT project accused of orchestrating a rug pull worth $3.1 million. The Boneheads team is facing charges of breaching contracts with investors by failing to deliver on their outlined roadmap, misappropriating funds, engaging in fraudulent and negligent misrepresentation, and various other accusations. The court filing specifically mentions ZachXBT’s investigation into the Boneheads project, which was shared on Twitter in July 2022 along with subsequent posts in the following month. Description Blockchain investigator ZachXBT’s research has played a crucial role in a class-action lawsuit filed in Canada against Boneheads, an NFT project accused of orchestrating a rug pull worth $3.1 million. ZachXBT took to Twitter on July 7 to shed light on the lawsuit, reaffirming allegations that the Boneheads team swiftly vanished after spending the minted … Read more Blockchain investigator ZachXBT’s research has played a crucial role in a class-action lawsuit filed in Canada against Boneheads, an NFT project accused of orchestrating a rug pull worth $3.1 million. ZachXBT…

    Article 2023年7月9日
  • Europe apparently confuses China – Here is why

    TL;DR Breakdown China misunderstood European support for Ukraine due to a cognition gap. Chinese leaders, believing in economic interests over values, underestimated Ukraine’s resistance and Europe’s response. China perceives Europe’s support for Ukraine as an ideological shift rather than principled belief. Description The terrain of international diplomacy is rarely smooth, and the rough edges seem more pronounced when it comes to the rapport between China and Europe. Of late, an intellectual chasm has opened wide between these two global powerhouses, particularly concerning their contrasting perspectives on the Ukraine issue. The great misunderstanding At the crux of the … Read more The terrain of international diplomacy is rarely smooth, and the rough edges seem more pronounced when it comes to the rapport between China and Europe. Of late, an intellectual chasm has opened wide between these two global powerhouses, particularly concerning their contrasting perspectives on the Ukraine issue. The great misunderstanding At the crux of the problem lies an intricate web of misperceptions, misunderstandings, and miscalculations. For several years, China’s foreign policy architects, steeped in a brand of realism that prioritizes…

    Article 2023年7月7日
  • PayPal Appoints New CEO Amidst Stablecoin Expansion

    TL;DR Breakdown Alex Chriss, a former senior executive at Intuit, takes over as PayPal’s CEO, succeeding Dan Schulman. PayPal introduces the PYUSD stablecoin, exemplifying its commitment to pioneering change in the digital payments landscape. Description In a significant move that underscores the evolving landscape of the financial technology sector, American multinational payments giant, PayPal, has announced the appointment of Alex Chriss as its new CEO and President. This strategic decision comes as PayPal embarks on a new journey into stablecoin issuance, marking a pivotal moment in the company’s history. Contents … Read more In a significant move that underscores the evolving landscape of the financial technology sector, American multinational payments giant, PayPal, has announced the appointment of Alex Chriss as its new CEO and President. This strategic decision comes as PayPal embarks on a new journey into stablecoin issuance, marking a pivotal moment in the company’s history. Contents hide 1 A New Leadership Era: Alex Chriss Takes Charge 2 PayPal’s Vision for the Future: Beyond Traditional Online Payments 3 The Rise of PYUSD: A Game-Changer in Digital Payments 4 Conclusion…

    Article 2023年8月15日
  • Biden’s family bagged $20m from shady foreign sources

    TL;DR Breakdown US House Oversight Committee reveals Biden family bank records. Records show over $20 million from foreign sources, notably Russia, Kazakhstan, and Ukraine. Funds linked to dinners in Washington attended by Joe Biden when he was Vice President. Description Joe Biden’s family has lately been under the intense scrutiny of the ever-watchful public eye. The US House Oversight Committee’s recent disclosure has thrown the financial dealings of the Biden family into a tempest of questions. A whopping $20 million sourced from foreign entities has added another layer to the unfolding political drama. Hunter Biden’s … Read more Joe Biden’s family has lately been under the intense scrutiny of the ever-watchful public eye. The US House Oversight Committee’s recent disclosure has thrown the financial dealings of the Biden family into a tempest of questions. A whopping $20 million sourced from foreign entities has added another layer to the unfolding political drama. Hunter Biden’s financial dance with foreign entities Delving into the nitty-gritty, a closer look at the bank records reveals transactions that extend beyond domestic confines. The tentacles of these…

    Article 2023年8月10日
TOP