Bankman to be released on $250M bail… Will live with parents…

Bankman to be released on $250M bail… Will live with parents…

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FTX founder Sam Bankman-Fried was released on $250 million bond while awaiting trial for fraud and other criminal charges, a New York federal judge ruled Thursday. Bankman-Fried stepped out of U.S. District Court in Manhattan, flanked by his parents, his legal team, and court security at 2:19 local time. The terms of his personal recognizance bond were agreed to by prosecutors and Bankman-Fried's lawyers. The 30-year-old will face his next hearing, presided over by Judge Ronnie Abrams, in New York City on Jan. 3., where he'll enter his plea and be arraigned. A recognizance bond is a written commitment from...
Source: https://www.cnbc.com/2022/12/22/ftx-founder-sam-bankman-fried-to-be-released-on-250-million-bail.html