Blockonomi: "Sam Bankman-Fried Cashed Out Over $600k, Violating Parole?"
In the US, there is no parole at the federal level. It was abolished in 1984. Maybe the website is using the term in a general sense, not specific to the US.
Blockonomi: "SBK is only allowed to spend less than $100."
Perhaps this is a typographical error where someone omitted a zero.
What the bail disposition form actually says: "... Defendant not to open new lines of credit, open a business, or enter into financial transactions in excess of $1,000 without pre-approval of the Government or Court, except to pay for legal costs and fees; equity interest in parent's home to be posted by 1/12/23. (Entered: 12/22/2022)"
Blockonomi: "Transferring money or converting it to cash does not count as spending money."
OK, I am lost here.
Financial transactions could include include spending, e.g., purchases, as well as sales, i.e., receiving proceeds.
Only the court or the US attorney know if SBF obtained pre-approval.
If the monies are used to pay for legal costs and fees, then no pre-approval would be required.
"Blockonomi adheres to the strictest journalistic policies, we have a commitment to providing fair and unbiased reporting in all of our news coverage. Our journalists are required to fact-check each article before it is published and provide sources for quotes and statistics. Each article is checked by an editor before publication."
https://blockonomi.com/sam-bankman-fried-cashed-out-over-600...
Blockonomi: "Sam Bankman-Fried Cashed Out Over $600k, Violating Parole?"
In the US, there is no parole at the federal level. It was abolished in 1984. Maybe the website is using the term in a general sense, not specific to the US.
Blockonomi: "SBK is only allowed to spend less than $100."
Perhaps this is a typographical error where someone omitted a zero.
What the bail disposition form actually says: "... Defendant not to open new lines of credit, open a business, or enter into financial transactions in excess of $1,000 without pre-approval of the Government or Court, except to pay for legal costs and fees; equity interest in parent's home to be posted by 1/12/23. (Entered: 12/22/2022)"
Blockonomi: "Transferring money or converting it to cash does not count as spending money."
OK, I am lost here.
Financial transactions could include include spending, e.g., purchases, as well as sales, i.e., receiving proceeds.
Only the court or the US attorney know if SBF obtained pre-approval.
If the monies are used to pay for legal costs and fees, then no pre-approval would be required.
https://web.archive.org/web/20230104120043/https://blockonom...
"Blockonomi adheres to the strictest journalistic policies, we have a commitment to providing fair and unbiased reporting in all of our news coverage. Our journalists are required to fact-check each article before it is published and provide sources for quotes and statistics. Each article is checked by an editor before publication."