Re:FTX founder Sam Bankman-Fried to be released on $250M bail
by dragonwriter on Thursday December 22, 2022 @06:52PM
(#34100590)
> Do his backers get the bond money back if he does show up and the process runs without any hiccups?
There is no “bond money”. The $250M he and his parent signed for, including the lesser amount the other sureties are also on the hook for, doesn’t get collected by the court unless their is a failure to appear. The security interest in the home is the only thing actually transferred.
There is no “bond money”. The $250M he and his parent signed for, including the lesser amount the other sureties are also on the hook for, doesn’t get collected by the court unless their is a failure to appear. The security interest in the home is the only thing actually transferred.