REVEALED: Sam Bankman-Fried’s Mystery Bail Co-Signers
Criminal Justice,Sam Bankman-Fried,FTX,Cryptocurrency,Business,Bail Reform
A New York judge abruptly revealed on Wednesday the identities of two people who helped secure Sam Bankman-Fried’s massive bail agreement. The FTX founder’s legal team had previously fought attempts to identify the individuals, but they ultimately chose not to pursue an appeal, a person familiar with the matter told The Daily Beast.
The two individuals are Andreas Paepcke, who signed a $200,000 bond, and Larry Kramer, who signed a $500,000 bond.
Kramer is a family friend and the former dean of Stanford Law School. In December, he spoke to The New York Times about the reputational damage Bankman-Fried’s indictment has caused his parents, who have also worked as Stanford Law professors.
“I had a friend who said, ‘You don’t want to be seen with them,’” he said, adding that he believed their son’s legal battle might “bankrupt them.”
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