Key Points:Bankman-Fried’s attorneys requested that the court suppress the names and identifying details of the two co-signers who contributed to the former FTX CEO’s $250 million bail, in addition to his parents.
According to the attorneys Bankman-Fried’s parents received a steady stream of threats letters, some even threatening to harm them physically.
There is a significant reason to be concerned that the two additional sureties could experience similar harassment, threats, and invasions of privacy if their names are on their bonds.
Sam Bankman-Fried, the former CEO of FTX, requested that the judge maintain the identities of the two people who will assist in securing his bail a secret in order to shield them from prying eyes and possible persecution.Photo: BloombergBankman-Fried’s attorneys requested that the court suppress the names and identifying details of the two co-signers who contributed to the former FTX CEO’s $250 million bail, in addition to his parents.The attorneys asked that their clients’ identities be withheld due to privacy and safety concerns in the court documents submitted on Tuesday. According to the document, the U.S. government informed lawyers that it did not have an opinion on the request. Bankman-Fried’s attorneys requested that the court withhold the names and identifying details of the two co-signers to the bail. This was due to safety and privacy concerns. Mark Cohen, a lawyer at Cohen & Gresser, warned that if the personal information of the people became public, they could be subject to harassment similar to that experienced by Joseph Bankman and Barbara Fried, the parents of the former FTX CEO. There is reason to be concerned that the two additional sureties could experience harassment, threats, and invasions of privacy similar to those experienced by Bankman-Fried’s parents. If their names are not redacted on their bonds or if their identities become public, this could lead to them being subjected.
“If the two remaining sureties are made public, they will likely be subject to media scrutiny and could be targeted for harassment, even though they have no connection to the case. Bankman-Fried’s lawyers stated that the privacy and safety concerns of the sureties outweigh the presumption that the public has access to the very limited information at stake.
After the November failure of his multibillion dollar cryptocurrency business, Bankman-Fried was arrested in the Bahamas and charged with money laundering and conspiracy for wire fraud by the Southern District in New York. He was then extradited to the US. After his December 22nd court appearance in New York, Bankman-Fried was released on bail. He plans to enter a not guilty plea. The methods used to obtain the bail bond were carefully examined in the days following his release. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comCoincuCoincu NewsTags: FTXGuarantorsSam Bankman-FriedSBFSouthern District of New York