Re:Bankman-Fried's Shrinking ‘$250M Bond’
by itslennysfault on Friday December 23, 2022 @01:09PM
(#34108850)
No, he doesn't. If he was some random drug dealer that couldn't make bail he'd wait in jail for trial. The same rules should apply to him. Put up $25m (10%) or wait in jail. The bail amount was set at $250m because he is a substantial flight risk. Sitting in jail awaiting trial is not cruel or unusual. It's extremely common.
[ Parent
| on HN ]
Re:Bankman-Fried's Shrinking ‘$250M Bond’
by maxbond on Friday December 23, 2022 @01:13PM
(#34108883)
No, people who commit street level crimes should be given the same grace he's receiving.
Denying bail because we think this guy is extra guilty (as opposed to, say, because he has a history of domestic abuse, and releasing him could put people at risk) would be cruel and unusual, because it would be discretionary.
Re:Bankman-Fried's Shrinking ‘$250M Bond’
by bryan0 on Friday December 23, 2022 @01:28PM
(#34109082)
Parent is not saying to keep him in jail because he’s “extra guilty.” They’re saying keep him in jail because he can’t pay bail. Basically treat him like everyone else.
Re:Bankman-Fried's Shrinking ‘$250M Bond’
by fanso99 on Friday December 23, 2022 @01:21PM
(#34108978)
The comment you are replying to did not say that he should be denied bail. Only that the rules should apply to him too. 10% is the most common requirement, he didn't meet it.
Where are you getting that "10% is the most common requirement"? I think you may be confusing the common _non-refundable_ amount charged by private bail bondsmen for much smaller bails with an actual court requirement for collateral. Is there a published standard you could point to that shows the amount of collateral typically required by US courts for bails of this size?