Sam Bankman-Fried Arrested in Bahamas, Faces $250 Million Bond Agreement and Private Security Costs of $10,000 a Week

December, sam bankman-fried was arrested in the bahamas and extradited to the united states, where he was released from custody by a new york judge via a $250 million bond agreement. he is currently residing on house arrest at his parents’ home in palo alto, california. recently, a black car crashed into the metal barricade outside the home and three unidentified men allegedly got out of the vehicle and made threatening statements.

Incident at bankman-fried’s parents’ home occurred sometime in the past, though the date was not specified in the letter. his parents have hired a private security firm for 24/7 protection and the cost of securing the home is estimated to be around $10,000 per week. bankman-fried has hired the law firm cohen & gresser to defend him against charges levied by the united states department of justice.

Alleged incident at bankman-fried’s parents’ home is related to his legal troubles. he has been charged with eight counts of fraud and conspiracy by the u.s. department of justice, along with charges from the securities and exchange commission (sec) and commodity futures trading commission (cftc). his lawyers have fought to keep the names of the bond co-signers (besides his parents) private, citing security concerns. his parents have reportedly received a “steady stream” of threatening correspondence, some threatening physical harm. several publications have petitioned the court to reveal the names of the bond co-signers.

By Evey Lovelace

You May Also Like