FTX founder Sam Bankman-Fried to be released on $250M bail

Re:FTX founder Sam Bankman-Fried to be released on $250M bail by csense on Thursday December 22, 2022 @08:21PM (#34101232)

Consider Joe Average defendant whose bail is set at $25,000 bail. If Joe tells the judge "Your Honor, I'll sign a paper that says I'll be $25,000 in debt if I don't show up, but my family can only come up with $200 right now" the judge will probably tell him to pound sand and sit in jail until trial.

If SBF tells the judge "Your Honor, I'll sign a paper that says I'll be $250M in debt if I don't show up, but my family can only come up with $2M right now" why did the judge agree and let him out?

What's the fundamental difference, besides just the number of zeros?

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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by lalopalota on Thursday December 22, 2022 @08:48PM (#34101413)

You missed the part where the defendant's lawyers provide the court the necessary evidence to convince the court that the total value of the bond is available to be confiscated if the defendant doesn't show. Which would apply in both cases you mentioned.

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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by lmm on Friday December 23, 2022 @12:56AM (#34102710)

So what convinced the court that his parents have $250M available? That would be rather surprising based on what's publicly known about them.

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