According to the latest court documents in the fraud case of former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case on Thursday made Bankman-Fried’s bail bondsman was made public. The names of the two bail cosigners, previously redacted in court documents, are Stanford graduates Larry Kramer and Andreas Paepcke.
More details about SBF’s bail cosigners were revealed
Sam Bankman-Fried (SBF), co-founder of FTX, faces eight counts of financial misconduct for alleged mishandling of customer funds. He is currently out on bail, monitored by an ankle bracelet, and his trial is scheduled for October 3, 2023.SBF’s $250 million bail agreement was secured by his parents’ Stanford undergraduate home and backed by two cosigners. Their names, however, were previously unknown because their lawyers insisted that they should remain redacted for privacy reasons.
On Wednesday, a New York judgereleased the previously redacted namesof the two co-signers, revealing that they are prominent members of Stanford University. One of the co-signers is Larry Kramer, former dean of Stanford Law School from 2005 to 2012. The other signatory is Andreas Paepcke, a senior research fellow in computer science at Stanford University. Kramer is president of the left-leaning Hewlett Foundation, which aims to strengthen “effective philanthropy.” He describes the SBF parents as “true friends.” In a statement sent to several media publications, Kramer said,:
Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s. For the past two years, they have been true friends, delivering food, offering emotional support, and often responding to urgent calls as my family faced a painful battle with cancer. And we sought to support them when they faced crises of their own.
According to press reports, several news organizations attempted to obtain comment from computer science researcher Andreas Paepcke, but he did not respond to requests. According to his bio, Paepcke is interested in “interfaces and systems” and leveraging “data analytics” to create tools to help with these online tasks; even on Twitter, some peoplecommented that SBF and Paepcke are similarSBF toldjournalist Tiffany Fongthat neither of the bond guarantors “received any payments from FTX or Alameda.”
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