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A comment on Two Executives in Sam Bankman-Fried’s Crypto Empire Plead Guilty to Fraud. Parent comment

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by fardo on Thursday December 22, 2022 @04:16AM (#34091370)
>There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes

I don’t agree with this theory, as I think it’s rather likely SBF will be viewed as a flight risk.

• His heavy involvement in the cryptocurrency space makes it likely he has significant moveable digital cash reserves that cannot be easily seized and which would greatly aid an escape.

• He has shown himself to be extremely mobile and was seemingly already attempting to get some distance from the USA, given that he was arrested in the Bahamas

• The gravity of sentences charges he’s potentially facing are vast, and he has many incentives to flee prosecution if it means potentially dodging spending 10-20++ years in jail

I therefore think it’s very unlikely he gets bail.

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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by pjc50 on Thursday December 22, 2022 @04:44AM (#34091617)
Confiscate his passport, put his face on the no-fly list, and electronic tag him?

Although possibly more relevant is the reasons Kevin Mitnick was denied bail; what can he do from a computer?

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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by 1vuio0pswjnm7 on Thursday December 22, 2022 @05:26AM (#34091912)
Both Ellison's and Wang's plea agreements contain the same unmodified provision from the US Attorney's Office requiring them to agree to surrender their travel documents as a condition of bail in exchange for the US Attorney promise not to object to their release on bail.
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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by danielfoster on Thursday December 22, 2022 @04:55AM (#34091692)
It’s hard to know for sure but I agree. SBF might catch a break for looking innocent and young, but this really is a textbook example of when bail should not be granted. Bail may happen if he ends up cooperating.

I’m very interested to see if the parents are charged.

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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by throwaway0x7E6 on Thursday December 22, 2022 @05:44AM (#34092025)
>looking innocent

lol. lmao even

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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by noisy_boy on Thursday December 22, 2022 @07:15AM (#34092582)
Sam Baby Face
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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by dreilide on Thursday December 22, 2022 @11:42AM (#34095299)
https://i.imgur.com/Mu9SZBI.png
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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by landemva on Thursday December 22, 2022 @12:17PM (#34095766)
The IRS likely can get the parents on gifts of property and travel. I guess the parents will walk, though.
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