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by bena 1270 days ago
His parents now have a very good incentive to make sure he makes it to court.

Once he makes it to court, that $250 million is paid back. The only thing the parents lose would be the interest payments on the loan from now until the court date.
2 comments
jacquesm 1270 days ago
I don't see them having that kind of money. They've been on the receiving end of the loot, it's essentially being allowed to leverage stolen money in order to finance the bail.

Probably a judge doesn't care where it comes from and the bail bond people see the risk the way you do but it is a bit weird how a person suspected of crime at this level is allowed to await their day in court in freedom while others are immediately jailed because they didn't steal enough...

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bena 1270 days ago
While it is likely true that they are likely leveraging assets acquired through his fraud to post bail, legally, we have to give them the benefit of the doubt. The only way I can think of that they wouldn't be allowed is if the assets themselves were evidence in the crimes. And there's also the murky bit where the house itself wasn't fraudulently purchased, so if SBF is found guilty and he must pay back all the money, if they were able to come up with the money through other means, they could keep the house.

Next, they aren't using a bondsman. I doubt any bondsman has $250 million to dedicate to this for any length of time.

And they are allowed to wait "in freedom" because bail was posted on their behalf. Those are the rules of the system.

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dragonwriter 1270 days ago
> While it is likely true that they are likely leveraging assets acquired through his fraud to post bail

The only asset pledged is their Palo Alto house, their ownership of which I believe predates any alleged fraud of SBFs.

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dragonwriter 1270 days ago
> Probably a judge doesn't care where it comes

It doesn't cone from anywhere, its a promise to pay (with a very streamlined enforcement process), not a transfer of funds.

> and the bail bond people see the risk the way you do but it is

There are no “bail bonds people” here, unless you mean his parents and the other two sureties.

> it is a bit weird how a person suspected of crime at this level is allowed to await their day in court in freedom while others are immediately jailed because they didn't steal enough...

Money bail is a problematic system, sure, but it also doesn't work the way you seem to think it does.

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svnt 1270 days ago
Don’t they already have another house in the tropics? He is gone, this is ridiculous.
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