According to the most recent court records from the fraud case involving former FTX chief executive officer Sam Bankman-Fried in Manhattan, the endorsers of the bond were revealed by the judge who determined to preside over the case Bankman-Fried’s bail on Wednesday. The identities of the endorsers to the bond, which had been previously redacted from court records, are Stanford University alumni Larry Kramer and Andreas Paepcke.
Details Find out more about SBF bail endorsers
Sam Bankman-Fried is being charged with eight counts of financial misconduct. He is accused of allegedly misappropriating customer money. He is presently out on bail and is being monitored through an ankle bracelet. His trial is scheduled for October 3, 2023. The SBF’s bail agreement of $250 million was secured by Stanford alumni. He was attending college at the residence of his mother, father, and two endorsers who signed off on the agreement. Because their names had been previously unknown, attorneys claimed that they needed to keep them redacted for privacy reasons.
On Wednesday, the identities of the endorsers were previously redacted. They revealed that they had been senior alumni. Stanford University. One endorser was Larry Kramer, former dean of Stanford Law School from 2005 to 2012 The A different endorser was Andreas Paepcke, senior computer science analyst at Stanford University. Kramer is the president of the left-leaning Hewlett Foundation, which seeks to promote “effective philanthropy.” He has described the SBF parents as “the best of friends.” In a statement sent to multiple media outlets, Kramer said:
Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-’80s. During the last two years as my family has been dealing with a tough fight with cancer, they have been the best of friends: they have brought food, provided moral support and continually stepped in to help. Now we seek to help them as they face their own crisis.
According to some reports, news outlets attempted to get a comment from a computer science researcher. Andreas Paepcke, however, he has yet to respond to our requests. According to his bio, Paepcke is interested in “interfaces and systems” leveraging “data analytics to create tools that benefit these online efforts.” Some people on Twitter commented on the resemblance of SBF and Paepcke. SBF told journalist Tiffany Fong that none of the bond endorsers received payments from FTX or Alameda.
