Here’s Who Co-Signed Sam Bankman-Fried’s $250 Million Bail Bond
• Friends of Sam Bankman Fried’s parents at Stanford pledged hundreds of thousands of dollars in surety bonds to keep the former billionaire out of jail.
• The guarantors behind Sam Bankman-Fried (SBF)’s $250 million bail package have been revealed to be Larry Kramer and Andreas Paepcke, two high-ranking academics at Stanford.
• Kramer signed a surety for a $500,000 bond, while Paepcke signed a $200,000 bond.
Sam Bankman-Fried’s Bail Bond Co-Signers
Friends of Sam Bankman Fried’s parents at Stanford have come forward to pledge hundreds of thousands of dollars in surety bonds in order to ensure that the former billionaire remains out of jail. After news organizations gained court approval to unseal their names in early January, it was revealed that the guarantors behind Sam Bankman-Fried (SBF)’s $250 million bail package were two high-ranking academics at Stanford: Larry Kramer and Andreas Paepcke.
Larry Kramer
Larry Kramer is president of the William and Flora Hewlett Foundation, a charitable organization with $15 billion in assets according to his online biography on Stanford Law’s website. He also serves on the boards of numerous non-profits such as the National Constitution Center, Independent Sector, and ClimateWorks Foundation and he has co-signed SBF’s bail with a surety for a $500,000 bond.
Andreas Paepcke
Andreas Paepcke is a computer scientist who uses “data analytics to create tools” focused on “user interfaces and systems for teaching and learning” according to his own Stanford bio. His hobbies include “piano studies, worrying and poetry.” He co-signed SBF’s bail with a surety for a $200,000 bond.
Bankman Fried Allowed To Stay At Home
Both individuals join Bankman Fried’s parents in allowing him to stay at home with them close to the university rather than staying in jail.
Conclusion
The signing by these two individuals allows SBF stay out of jail until his trial proceedings begin later this year if he abides by all conditions imposed by law enforcement authorities concerning his release from custody.
