HomeFTXUnsealed Docs Reveal Stanford Director and Ex-Dean As Co-Signers Of SBF’s Bond

    Unsealed Docs Reveal Stanford Director and Ex-Dean As Co-Signers Of SBF’s Bond

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    • A federal judge ordered Sam Bankman-Fried’s bond documents to be unsealed earlier today. 
    • The documents revealed the names of the bond’s co-signers, which were initially redacted. 
    • The co-signers were revealed to be Stanford Research Director Andreas Paepcke and former Dean Larry Kramer. 
    • Both of them co-signed Sam Bankman-Fried’s $250 million bond last year, putting up hundreds of thousands of dollars. 

    The names of the co-signers of Sam Bankman-Fried’s $250 million bond were revealed earlier today after Judge Lewis Kaplan of the District Court for the Southern District of New York ordered the document to be unsealed. 

    Decorated Stanford scholars co-signed SBF’s bond

    According to an update by Inner City Press, Judge Kaplan ordered the names in the bond to be unredacted after SBF’s lawyers failed to file a notice in the appeals court. The lawyers had indicated that they would appeal against the unsealing motion filed by Inner City Press on 3 January 2023. 

    As per unsealed documents published by Inner City Press, the co-signers were Andreas Paepcke and Larry Kramer. Paepcke is a Senior Research Scientist and Director for Data Analytics at Stanford University. He put up $200,000 while co-signing the unsecured bond. Larry Kramer is dean emeritus of Stanford Law School, and he put up $500,000 while co-signing the bond. Paepcke did not return a request for comment. 

    Interestingly, SBF’s parents, Joseph Bankman and Barbara Fried are professors at Stanford University’s law school. The disgraced FTX CEO was released into their custody in December last year after they signed a $250 million bond. At the time, Nicholas Roos, the prosecutor in this case, described it as the “largest pre-trial bond ever”. SBF’s parents had put up equity in their $25 million Palo Alto house while signing the bond. 

    Source : Ethereum World News

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