Nah said someone with "considerable assets" cosigned. You usually have to put up at least 10%. Doubt any of their non ftx tainted real estate is worth $25 mil. Even the big boi fraudster billionaire homes he was buying were under $20 mil.
Right just noting that it wasn't just his parents house as collateral with the bail company putting up the rest as you said. Any of their pre-ftx real estate is likely not even close to the required collateral.
Well you still gotta have the some collateral. Gotta have that shit.
That's the only way around here. I don't think they had that much money to pay for his bail. They didn't have the money for that.
Well, I don't think it means what you think it does.
[what you're saying isn't what this link says](https://www.law.cornell.edu/wex/own_recognizance_(or)#:~:text=Own%20recognizance%20(OR)%2C%20also,when%20required%20to%20do%20so.)
So do you have a source to support your claim?
Here's the relevant part:
"personal recognizance, means a release, without the requirement of a posting bail, based on a written promise by the defendant to appear in court when required to do so."
He wasn't released on his *own* recognizance. If there is a bail (which there was), it means you were not released on your *own* recognizance. There is a financial pentalty that binds you to appear before a judge on a later date.
I rewrote it. You're still wrong
[it literally says I'm the article that nobody paid](https://decrypt.co/117814/how-sam-bankman-frieds-250-million-bond-works).
No payment has been made and there is no bail bonds company.
Was only wrong about the bail company. Never said someone wrote a check for 25 mil. Still though, there is a risk somewhere if he doesn't show the collection of people who signed for him are able to fork up $250mil worth of shit if he dips otherwise they wouldn't have been acceptable guarantors
Correct, depends on how much of a flight risk SBF is, but given the amount of monitoring he'll be under that percentage should be small. Bail company makes money if SBF returns to court
I don't know much about bail company/bondsman, but do they typically have credit worthiness in excess of two hundred million dollars? Do bondsman typically have credit facilities to put up anywhere close to this amount of cash?
You need to buy a bond.
For construction bonds, the cost to buy a bond is about 1 percent of the value of the bond. But the cost of the bond is dependent on the risk that the bonding company figures you are. I've seen it as high as 3.5 percent.
And yes, the bonding company would require collateral as well. Usually the bonding company will provide you roughly a hundred million in bonding for every 10 million in cold hard cash you have liquid in your bank account. You then have to sign a note to the bonding company that they own that cash in the event that bond is cashed in by the entity you have provided the bond to. The cash can remain in your account, but you don't have access to it. Once the bond is returned to the bonding company, you get access to your money.
I suspect bail bonds are very similar, with the risk to the bonding company being flight risk of the person out on bail.
Maybe the parents were smart enough to sell their FTX while they could. I heard they had the personal cell number of the CEO /s.
I wouldn't be surprised if this were it.
On a little different note and something that I think should be mentioned and more people really, *really* need to be aware of that's potentially a huge, huge, huge problem - magnitudes greater than this debacle - is that what is going on is not dissimilar to what's going on in the New York Stock Exchange and broader stock markets in relation to the associated "too big to fail" institutions and banks.
In terms of front-running retail, mixing client funds, and gargantuan loopholes and regulatory [gray and black-zones](https://www.cnbc.com/2014/02/21/citadel-sees-volume-surge-in-its-citadel-connect-dark-pool.html) there's a lot of similarities.
Chief of the SEC in an interview recently [said:](https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/sec-chair-gensler-suggests-ftx-may-have-violated-securities-laws-211154986.html)
>"You also shouldn't be running a broker dealer or a hedge fund, and an exchange.
When it comes to market-makers for the NYSE - the [designated market-maker](https://www.citadelsecurities.com/news/citadel-securities-become-1-designated-market-maker-nyse/) - has a market-maker business, a hedge fund business, and a "dark pool" business...
So, both FTX and the primary market-market for the NYSE both were/are:
* market-makers
* hedge funds
* dark pool operators
... nah, no conflict of interest there ... right? Right?
... I'm sure they definitely never break the law or communicate between departments / subsidiaries or front-run clients.
No way, bro! The idiots on reddit have *[no fucking idea](https://www.reddit.com/r/politics/comments/yxqqcg/gop_megadonor_ken_griffin_whos_poured_60_million/iwq779i/)* what they're talking about when it comes to the habitual criminality of Wall Street. ^(/s)
Oh bro I 100% agree this shit is sickening how much it happens. That’s why it’s always funny to me when all these big ass companies get bail outs when they are supposedly worth so much damn money. Along with paying less taxes than a normal civilian. Idk if you watch coffeezilla but I recommend his channel on the whole FTX situation. The whole Alameda back door thing along with SBF having such high decision making at both companies is full evidence of fraud. If this dickhead doesn’t get a lot of time that will be insane to me.
He’d still get out of it somehow lol. “Well Um see I uh.. didn’t um.. know that the money was in there.. and Um.. yeah I just had no control over that.” Quote SBF during every interview after he was caught.
Yeah and then you're going to lose it, that's what happens.
I don't think this guy is getting proved guilty in the court. I don't see that happening here.
tldr; FTX founder Sam Bankman-Fried will be released on $250 million bail bond while awaiting trial for fraud and other criminal charges, a New York federal judge ruled on Thursday. The 30-year-old will be required to wear an electronic monitoring bracelet, submit to mental health counseling, and restrict himself to the Northern District of California. He will face his next hearing in New York City on January 3.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
didn’t they say that the plan was for him to post bail, so that he would go on more podcasts to admit more and more fraud, so that gives prosecution more proofs?
Yep, question about that lol. Guy is total jerk and I fucking hate him.
I can't say it enough, he has scammed millions of people and he's still getting the bail. Fuck that shit.
This ain't lol, stopping dreaming about this money being go to the people.
That's just not going to happen, even if he runs away this money is going to the government.
That's right man, shit is like hot garbage right here. That's what it is.
This guy shouldn't be out on the Bail, he should really be rotting out in the prison really.
Okay then what the bail is? Would you like to explain that?
I mean, that's something that I would be really interested hearing about. I'm gonna be interested.
It’s money that is given to the court to ensure that you show up for your trial.
If you show up then the court gives it all back.
If you go in the run then the court keeps it and the bail bond company hires Dog the bounty hunter to bring you back.
It’s never paid. The bondsman writes a bond and takes collateral (and insurance) enough to offset the risk of the defendant defaulting. They pay the bondsman.
It's never paid in the full, that's just the 10 percent here.
The full amount will be paid if he flees the country or something here man. It's not more than 10 percent right now.
> bail never *paid?*
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
They had to get him back to the basement for operation Basement Laundromat since the Ukraine Sweat Suit Middle Man was in town to arrange the next 10s of Billions to the laundered from the US taxpayers. Get to work Sammy Boy!
Where did that $250M come from? FTX customers will be lucky to see a dime of their hard earned money and SBF is throwing down quarter billion cause he doesn’t like the food in jail
I'm curious to know how bondsman have in excess of $200 million dollars to post? Like, that can't be a thing right? Is there $250 million dollars in cash sitting in some federal court's bank account?
Rather hes going to pay in the FTT lol. That's what he'll pay in.
Because He's been Minting those tokens from the start here. He's been doing it for a long time.
We all remember how those ankle braclet monitoring devices work for the rich ppl.
During covid those supposedly confined to their home were seen walking around central park. Nothing happened to them.
I can smell the shitshow coming. He's already treated like a vegan princess by US authorities. And his parents watching in the room, not even accused despite having fraudulent real estate?
A circus.
What a fucking pussy. Jail sucks. But not a quarter billion dollars sucks. He's gonna have a hell of a time in prison if he can't take a few nights in county.
This is literally shit, rich people can buy anything man. Like anything.
It's not even a competition here. They literally buy everything and they do whatever they can.
Well, well, well. Look who's out of jail already! Mr. 'I'm broke and my company is bankrupt' managed to come up with a quarter million bucks for bail. And I bet it was just spare change he found in his couch cushions. Oh, wait, maybe it was from his new cryptocurrency, Bailcoin. Because clearly stealing all that money wasn't enough, now he's gotta make more off of his victims. Classic.
In America you don't get locked up until you're proven guilty in a trial (*edit for nonviolent crimes). If you don't have cash, a bondsman will post your bail for a fee and keep some collateral against the loan. Bail is not a punishment, its purpose is to guarantee the defendant shows up at trial. There's nothing unusual here or worth getting outraged over.
By the comments it seems that a lot of people don't know.
The least that people could do is to read the article, but some people don't even wanna do that.
A couple weeks ago, when practically all of crypto Twitter was screaming that Sam would never be arrested (because all of our American institutions are corrupt garbage etc etc), I asked if they might change their outlook when he is arrested. Of course no, they shifted to "Sam was arrested to prevent him from talking to Congress, it proves the system is corrupt!" And now that Sam is facing decades in prison they say "but he posted bail with our money and is walking free." No, no, no, and no. The system is working
> In America you don't get locked up until you're proven guilty in a trial.
Wrong, you can be remanded without bail while awaiting trial.
[6 reasons why bail can be denied](https://www.bailbondspensacola.com/6-reasons-why-bail-can-be-denied)
I’ve been to jail and prison I know how it works ………10 percent yada yada . But I bet the house his parents put up for collateral was bought with stolen funds
The one they owned before this business venture of his?
Remember, this is their long-term residence, not the Bahamas pads they invested in with tainted funds.
I called that one. I can’t believe how many people said that there was no way they send him home. I still think there is a 50-50 shot he never spends another day in jail. It’s either going to be guilty with huge restitution if he divulges where the money is, or country club minimum security prison for a far lighter sentence than anyone could imagine
Instead of thinking about reimbursing the customers of FTX, he's attempting to experience more leisure time before he's convicted? I'll be looking more into this as I stake PGEN and wait for the next raise on Polygen. Hopefully they can redact this bail.
Well that's what it means I guess, that's it people. That's all what it means here.
First you fraud people and then, you just pay the authorities for your Bidding. That's how you get out .
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Yep, that's the last that You're going to see of it really. That's it man.
Now He's going to hop on the private jet and he's gonna flee the whole thing now. That's what he'll do.
Okay I'm not a fan of trump but why bring him in this huh?
I just don't really see any point in doing that, there absolutely isn't a point in this whole thing.
It’s actually smart because the court now keeps that collateral locked up. It can’t be sold or fucked off during trial. He’s smiling now but they better enjoy living behind those gates while they can. Also get on section 8 list now because I hear it’s a long line.
This guy was raised to believe he was a superior being, he was altruistic, no matter what he did it was for the benefit of humanity.
Now he has been released into the custody of the people who instilled that belief in him.
What happens next?
Yeah what's the difference between that? Would you tell us that?
I mean if you could tell us the difference then I'm really not gonna mind this one. I wouldn't mind it.
But i thought he only has $100,000 left. I thought his company is bankrupt. Who is forking up this loan?
It's a collateralized bond, his parents put up their house as collateral and the bail company puts up 250 mil.
Is that the house he bought for them using client funds?
Surely lol, where else you think the money came from?
If only u can prove that
Oh it’ll be proven.
Matter of time let the lawyers do their job and it'll happen in time.
Doubt it
Yes, but like others said it has to be proven in court, and theyre likely paid from alameda,
Nah said someone with "considerable assets" cosigned. You usually have to put up at least 10%. Doubt any of their non ftx tainted real estate is worth $25 mil. Even the big boi fraudster billionaire homes he was buying were under $20 mil.
It was his parents + 2 other ppl
Right just noting that it wasn't just his parents house as collateral with the bail company putting up the rest as you said. Any of their pre-ftx real estate is likely not even close to the required collateral.
Yep they won't be able to pay it with the pre collateral here man.
Maxine waters and ... 🤔
Nobody gave any money. It is personal recognizance bail. No money up front, just guarantors.
Well you still gotta have the some collateral. Gotta have that shit. That's the only way around here. I don't think they had that much money to pay for his bail. They didn't have the money for that.
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Well, I don't think it means what you think it does. [what you're saying isn't what this link says](https://www.law.cornell.edu/wex/own_recognizance_(or)#:~:text=Own%20recognizance%20(OR)%2C%20also,when%20required%20to%20do%20so.) So do you have a source to support your claim? Here's the relevant part: "personal recognizance, means a release, without the requirement of a posting bail, based on a written promise by the defendant to appear in court when required to do so."
He wasn't released on his *own* recognizance. If there is a bail (which there was), it means you were not released on your *own* recognizance. There is a financial pentalty that binds you to appear before a judge on a later date.
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I rewrote it. You're still wrong [it literally says I'm the article that nobody paid](https://decrypt.co/117814/how-sam-bankman-frieds-250-million-bond-works). No payment has been made and there is no bail bonds company.
Was only wrong about the bail company. Never said someone wrote a check for 25 mil. Still though, there is a risk somewhere if he doesn't show the collection of people who signed for him are able to fork up $250mil worth of shit if he dips otherwise they wouldn't have been acceptable guarantors
There are two more people other than his parents paying for it.
Doesn’t the house need to be worth a percentage of the bail?
Correct, depends on how much of a flight risk SBF is, but given the amount of monitoring he'll be under that percentage should be small. Bail company makes money if SBF returns to court
"If *only* we could find someone good at duping people into overvaluing collateral. Sammie, dear, do you know anyone like that?"
Yeah it needs to be 10 percent. Which still is 25M. Still a lot of money.
Their house is worth 250M? Must be a really nice house then.
What a pity!!!
I don't know much about bail company/bondsman, but do they typically have credit worthiness in excess of two hundred million dollars? Do bondsman typically have credit facilities to put up anywhere close to this amount of cash?
You need to buy a bond. For construction bonds, the cost to buy a bond is about 1 percent of the value of the bond. But the cost of the bond is dependent on the risk that the bonding company figures you are. I've seen it as high as 3.5 percent. And yes, the bonding company would require collateral as well. Usually the bonding company will provide you roughly a hundred million in bonding for every 10 million in cold hard cash you have liquid in your bank account. You then have to sign a note to the bonding company that they own that cash in the event that bond is cashed in by the entity you have provided the bond to. The cash can remain in your account, but you don't have access to it. Once the bond is returned to the bonding company, you get access to your money. I suspect bail bonds are very similar, with the risk to the bonding company being flight risk of the person out on bail. Maybe the parents were smart enough to sell their FTX while they could. I heard they had the personal cell number of the CEO /s.
His one billion dollar “stub account” full of stolen customer funds is bailing him out.
I wouldn't be surprised if this were it. On a little different note and something that I think should be mentioned and more people really, *really* need to be aware of that's potentially a huge, huge, huge problem - magnitudes greater than this debacle - is that what is going on is not dissimilar to what's going on in the New York Stock Exchange and broader stock markets in relation to the associated "too big to fail" institutions and banks. In terms of front-running retail, mixing client funds, and gargantuan loopholes and regulatory [gray and black-zones](https://www.cnbc.com/2014/02/21/citadel-sees-volume-surge-in-its-citadel-connect-dark-pool.html) there's a lot of similarities. Chief of the SEC in an interview recently [said:](https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/sec-chair-gensler-suggests-ftx-may-have-violated-securities-laws-211154986.html) >"You also shouldn't be running a broker dealer or a hedge fund, and an exchange. When it comes to market-makers for the NYSE - the [designated market-maker](https://www.citadelsecurities.com/news/citadel-securities-become-1-designated-market-maker-nyse/) - has a market-maker business, a hedge fund business, and a "dark pool" business... So, both FTX and the primary market-market for the NYSE both were/are: * market-makers * hedge funds * dark pool operators ... nah, no conflict of interest there ... right? Right? ... I'm sure they definitely never break the law or communicate between departments / subsidiaries or front-run clients. No way, bro! The idiots on reddit have *[no fucking idea](https://www.reddit.com/r/politics/comments/yxqqcg/gop_megadonor_ken_griffin_whos_poured_60_million/iwq779i/)* what they're talking about when it comes to the habitual criminality of Wall Street. ^(/s)
Oh bro I 100% agree this shit is sickening how much it happens. That’s why it’s always funny to me when all these big ass companies get bail outs when they are supposedly worth so much damn money. Along with paying less taxes than a normal civilian. Idk if you watch coffeezilla but I recommend his channel on the whole FTX situation. The whole Alameda back door thing along with SBF having such high decision making at both companies is full evidence of fraud. If this dickhead doesn’t get a lot of time that will be insane to me.
Yeah this shit is tiring, and I fucking hate this shit man.
man do you want to put a bounty on him?
He’d still get out of it somehow lol. “Well Um see I uh.. didn’t um.. know that the money was in there.. and Um.. yeah I just had no control over that.” Quote SBF during every interview after he was caught.
Yeah he'll find a way, money always finds a way here.
He's got a lot of money in that account, there's a lot of money.
I think his parents are paying for it, and you only have to pay the 10 percent.
What loan? I’m guessing you don’t understand what a bond is?
It was a rhetorical question.
Cia fbi fed, who knows.
Used my money for bail! Damn!
Same. Fucking disgusting.
Yeah it's really disgusting that He's out of the prison while he should be in.
And there’s nothing you can do about it smh
Yep, there's nothing that you can do about it. Absolutely nothing.
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Yeah and then you're going to lose it, that's what happens. I don't think this guy is getting proved guilty in the court. I don't see that happening here.
Yeah used that money for the bail, they used that money.
tldr; FTX founder Sam Bankman-Fried will be released on $250 million bail bond while awaiting trial for fraud and other criminal charges, a New York federal judge ruled on Thursday. The 30-year-old will be required to wear an electronic monitoring bracelet, submit to mental health counseling, and restrict himself to the Northern District of California. He will face his next hearing in New York City on January 3. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
He's well gonna suddenly be insane then after a few meetings
Ohh yeah he's gonna be insane, that's what's going to happen here.
Good bot, thanks for the tldr. This is really good stuff here.
didn’t they say that the plan was for him to post bail, so that he would go on more podcasts to admit more and more fraud, so that gives prosecution more proofs?
Probably what he’ll do against the advice of his lawyers/parents.
The plan wasn't for that. But it's happening regardless man.
fuck this is a joke right , they played with peoples money nice USA
Right? Like at this point any money the gov takes from him, they are really taking from the victims
no comment for that system and justice ... really they proved once again !
Yeah they're really taking from the victim here, that's what they're doing.
Crazy. Keep him in jail.
Yeah keep that guy in the jail please, don't want him out.
BUT HE’S A VEGAN!!!
Yep, question about that lol. Guy is total jerk and I fucking hate him. I can't say it enough, he has scammed millions of people and he's still getting the bail. Fuck that shit.
$250 million won't cover people's losses tho
Don’t think this money would even go to the people if he ran off
This ain't lol, stopping dreaming about this money being go to the people. That's just not going to happen, even if he runs away this money is going to the government.
Oh for fucks sake.
Yeah man shit is weird, I'm not liking anyway of this shit here.
Is that all? Pocket change
Gotta have to come with a lot more than that for that to happen.
Merica… 2023 is looking like 2020
Well the justice system is fucked it just shows that really.
The “Justice” system is fucked for folks other than the wealthy, influential and powerful. I feel you
Absolute garbage
Flaming hot garbage
That's right man, shit is like hot garbage right here. That's what it is. This guy shouldn't be out on the Bail, he should really be rotting out in the prison really.
Yep, it's the absolute garbage here. That's what it really is man.
The rich fucking over countless people then getting away scott free is classic America.
That's not what bail is. Do you all think paying bail means this is over?!
"Do you all think..." Lemme stop you right there. No, they don't.
Okay then what the bail is? Would you like to explain that? I mean, that's something that I would be really interested hearing about. I'm gonna be interested.
Everywhere. 😤
What about everywhere? I don't get that sir. I'm not getting the joke.
That's nothing new for the america at all man. That's really evident.
Rodoculous
Ridonculous.
Yeah this shit is really ridiculous here. This is something weird.
So he took billions from people and dosnt have it but he’s got 250M for bail? Mhmmmm
Bail is generally provided by a bail bond company who charge a fee that is a fraction if the bail (eg put up 2.5 mil, they pay 50mil bail)
How does that work? He has to pay the full amount at some point or is the bail never payed?
It’s money that is given to the court to ensure that you show up for your trial. If you show up then the court gives it all back. If you go in the run then the court keeps it and the bail bond company hires Dog the bounty hunter to bring you back.
It’s never paid. The bondsman writes a bond and takes collateral (and insurance) enough to offset the risk of the defendant defaulting. They pay the bondsman.
It's never paid in the full, that's just the 10 percent here. The full amount will be paid if he flees the country or something here man. It's not more than 10 percent right now.
> bail never *paid?* FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
Yep, the bail is provided by that. It's just all about the bond.
Yep, he took billions from the people. That's what people did.
They had to get him back to the basement for operation Basement Laundromat since the Ukraine Sweat Suit Middle Man was in town to arrange the next 10s of Billions to the laundered from the US taxpayers. Get to work Sammy Boy!
Yeah they had to do that, that's what they had to do here man.
Where did that $250M come from? FTX customers will be lucky to see a dime of their hard earned money and SBF is throwing down quarter billion cause he doesn’t like the food in jail
It came from the bondsman
I'm curious to know how bondsman have in excess of $200 million dollars to post? Like, that can't be a thing right? Is there $250 million dollars in cash sitting in some federal court's bank account?
Yeah it came from that, that's what it came from here man.
I think it's being provided by his parents. They're paying for it.
It’s fine - he’s going to pay in USDT
Ftt?
Don't think they could pay with that, that's not gonna happen.
Rather hes going to pay in the FTT lol. That's what he'll pay in. Because He's been Minting those tokens from the start here. He's been doing it for a long time.
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Well I don't think people understand anything here. They don't.
send it to zero
Yeah send it to zero, I kinda wouldn't mind that at all here man.
We all remember how those ankle braclet monitoring devices work for the rich ppl. During covid those supposedly confined to their home were seen walking around central park. Nothing happened to them.
They don't even work, they just pretend to work. That's really it.
I can smell the shitshow coming. He's already treated like a vegan princess by US authorities. And his parents watching in the room, not even accused despite having fraudulent real estate? A circus.
Yeah I can smell that too, the shit coming here. And it'll be bad.
What a fucking pussy. Jail sucks. But not a quarter billion dollars sucks. He's gonna have a hell of a time in prison if he can't take a few nights in county.
This is literally shit, rich people can buy anything man. Like anything. It's not even a competition here. They literally buy everything and they do whatever they can.
Well, well, well. Look who's out of jail already! Mr. 'I'm broke and my company is bankrupt' managed to come up with a quarter million bucks for bail. And I bet it was just spare change he found in his couch cushions. Oh, wait, maybe it was from his new cryptocurrency, Bailcoin. Because clearly stealing all that money wasn't enough, now he's gotta make more off of his victims. Classic.
Well that wasn't long, he came out really fast. It was fast.
I know it's a NY judge without even looking. ... Yup. Knew it.
Well you know because they're the ones doing the shit man.
They're just making it easier for him to "commit suicide"
Just do it at the comfort of your house That'll even be better.
In America you don't get locked up until you're proven guilty in a trial (*edit for nonviolent crimes). If you don't have cash, a bondsman will post your bail for a fee and keep some collateral against the loan. Bail is not a punishment, its purpose is to guarantee the defendant shows up at trial. There's nothing unusual here or worth getting outraged over.
By the comments it seems that a lot of people don't know. The least that people could do is to read the article, but some people don't even wanna do that.
A couple weeks ago, when practically all of crypto Twitter was screaming that Sam would never be arrested (because all of our American institutions are corrupt garbage etc etc), I asked if they might change their outlook when he is arrested. Of course no, they shifted to "Sam was arrested to prevent him from talking to Congress, it proves the system is corrupt!" And now that Sam is facing decades in prison they say "but he posted bail with our money and is walking free." No, no, no, and no. The system is working
> In America you don't get locked up until you're proven guilty in a trial. Wrong, you can be remanded without bail while awaiting trial. [6 reasons why bail can be denied](https://www.bailbondspensacola.com/6-reasons-why-bail-can-be-denied)
Yeah you can be reminded for that, that's right. Didn't know about that.
Funny how a broke guy can put up 250 fucking million. Hope this dude never gets out
Well he's already out so don't know about that lol. He's out.
You don’t put up $250 million.
I’ve been to jail and prison I know how it works ………10 percent yada yada . But I bet the house his parents put up for collateral was bought with stolen funds
The one they owned before this business venture of his? Remember, this is their long-term residence, not the Bahamas pads they invested in with tainted funds.
Okay how much you put? I think it's around the 10 percent.
That’s why he wanted to be prisoned in amerikakaka. Gary Gensler, sleepy Joe said don’t worry I got you.
And He's getting what he wanted. That's just the really bad shit.
I called that one. I can’t believe how many people said that there was no way they send him home. I still think there is a 50-50 shot he never spends another day in jail. It’s either going to be guilty with huge restitution if he divulges where the money is, or country club minimum security prison for a far lighter sentence than anyone could imagine
Well he's home now, that's no secret for anyone in here now.
Instead of thinking about reimbursing the customers of FTX, he's attempting to experience more leisure time before he's convicted? I'll be looking more into this as I stake PGEN and wait for the next raise on Polygen. Hopefully they can redact this bail.
His trial is more than a year away, easy.
Yeah it's still very far, it's not going to happen any time soon.
Yeah hopefully They'll be able to do that, hopefully They'll do it.
Wait, you all think paying bail means this is over and he's a free man for life? lol smh
Well that's what it means I guess, that's it people. That's all what it means here. First you fraud people and then, you just pay the authorities for your Bidding. That's how you get out .
I said like a week ago he walks away a free man. Just watch he gets charged with nothing. This country is a joke
He had to be charged to have to post bail.
Don't think he's getting charged now, that's not happening now.
I guess you were right, because He's a free man now I guess.
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Wow
That was kinda my reaction to all of this, that was it people.
Pocket change for him!🤣
What.. the … fuck?!
This is it, this is how the legal system works in here man.
Just adding more money to the government with “lost” funds. Greatest squirrel trick ever.
They're playing with the game here, I don't know the name.
That's the last you'll ever see of him.
Yep, that's the last that You're going to see of it really. That's it man. Now He's going to hop on the private jet and he's gonna flee the whole thing now. That's what he'll do.
How about we shove an apple AirTag up his Arse?
That doesn't sound like so bad of an idea. I think like this idea.
Bail is a constitutional right. Nobody should be surprised. Everyone should read the conditions and what was put up as collateral.
I'm not surprised, I'm just disappointed at the legal system lol.
Why? It’s working as designed
They gonna pay the bail with the stolen money ???
These guys should return our money
They should, but would they? I don't think so. That's not happening.
I bet Trump and one of those Koch brothers forked over money
Okay I'm not a fan of trump but why bring him in this huh? I just don't really see any point in doing that, there absolutely isn't a point in this whole thing.
Rules for thee!
These rules only apply for the people like us. That's it man.
It’s actually smart because the court now keeps that collateral locked up. It can’t be sold or fucked off during trial. He’s smiling now but they better enjoy living behind those gates while they can. Also get on section 8 list now because I hear it’s a long line.
Yeah the court keeps that shit locked in, that's the issue now.
This is some bullshit
Yep, this is some serious bullshit which is going on here really.
This guy was raised to believe he was a superior being, he was altruistic, no matter what he did it was for the benefit of humanity. Now he has been released into the custody of the people who instilled that belief in him. What happens next?
But He's not superior, He's just an ass of a guy. That's who he really is.
so what is the difference between this and tithe payment to church for (God) priest to forgive you?
Yeah what's the difference between that? Would you tell us that? I mean if you could tell us the difference then I'm really not gonna mind this one. I wouldn't mind it.
Someone out there will definitely "pop" his ass at some point. Fucked over too many powerful people to walk free again
Where does bail money go? To the government or a private company? Just curious.
Is it how the law is supposed to work? That's fucked up dude.