The news organisations, which include the AP, Bloomberg, CNBC, WSJ publisher Dow Jones, the Financial Times, Insider, and WaPo, as well as a separate request from the New York Times, have requested that the people who guaranteed Bankman-Fried’s $250 million bond to be revealed.
The names of two people who helped front the $250 million bond issued by the founder of FTX have been requested to be made public by eight MSM outlets to the US judge presiding over Sam Bankman- Fried’s case.
The news organisations, which include the AP, Bloomberg, CNBC, WSJ publisher Dow Jones, the Financial Times, Insider, and WaPo, as well as a separate request from the New York Times, claim that the public interest “cannot be overstated” and that the right of the public to know outweighs the rights of the guarantors to privacy.
In a letter to U.S. District Judge Lewis Kaplan in Manhattan, the lawyers distinguished the case from another judge’s December 2020 decision not to reveal who guaranteed a bond for British socialite Ghislaine Maxwell, then accused and later convicted of aiding in financier Jeffrey Epstein’s sex crimes. –Reuters
“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,” wrote lawyers for the outlets.
Notably, the same judge who heard over Ghislaine Maxwell’s case also presided over the SBF case, and the attorneys for SBF, Mark Cohen and Christian Everdell, also defended Maxwell in her criminal prosecution. James P. Harkins, a private investigator regarded as the “real hound dog” who previously worked for Ghislaine, was also employed by SBF.
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SBF’s attorneys claim that since the early November collapse of FTX, his parents, who co-signed the $250 million bond using their home as (very minimal) collateral, have been harassed and threatened physically. His parents’ Palo Alto, California home would be the location of one of the bail terms, which would be house arrest.
In order to safeguard SBF from increasing death threats, the family reportedly paid a private security company in the Bay Area $10,000 a week to patrol the property.
The family is anxious since there have been multiple death threats, a source told the Post. They don’t want to risk anything.
The building of a network of security cameras surrounding the house on the outskirts of the Stanford University campus was done by workers hired by Bankman-Fried’s parents.
The two additional guarantors pose a “serious cause for concern,” according to SBF’s attorneys, should their identities become known.