On Wednesday, the names of two undercover individuals who signed Sam Bankman-Freed’s stunning $250 million bond package were revealed.
The documents show that Bankman-Fried was partially bailed out by former Stanford University dean Larry Kramer and Andreas Päpke, a fellow at the school.
Bankman-Fried fought to keep the names under wraps, but they were revealed in Manhattan Federal Court at the request of several media outlets.
Kramer paid $500,000 and Paepke paid $200,000. Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, are responsible for the remainder of the bail package, the largest federal pretrial bail in history. He is at his parents’ home in Palo Alto, California, under house arrest.
Bankman-Fried, 30, has pleaded not guilty to wire fraud charges in a multi-billion dollar fraud case that could potentially carry a ten-year prison sentence.
The feds say he diverted client deposits traded on his platform to his cryptocurrency hedge fund Alameda Research and hid donations to political candidates. He also faces charges from the Securities and Exchange Commission and the Commodity Futures Trading Commission.
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