>

Why?  I think he should sit a cell and think about what he’s done.  Then showtime!
Where did he find the money? >

I'm noticing a trend between these trust fund kids, like Bankman-Fried and Elizabeth Holmes, and their crazy schemes. Permissive parenting and unlimited resources can really twist a mind. >

I have a friend whose parents were well off and owned a company. He was getting paid as he went to university. He would study this and fail, study that and fail until he finally decided to become a beer master. Mom and Dad sent him to Germany to do so. When he got back they funded his brewery. It ran for 5 years and now it is being sold off. Yup, must be nice to be able to fail with little consequence. >

They are the people that said they pulled themselves up by the bootstrap. It’s because they had nothing to worry about falling and losing everything. >

It's why I prefer a version of that saying that "the person was born on 3rd base and thinks they hit a home run." These people will say that they worked hard, and in some cases they did, but they neglect to acknowledge how much of a head start they had. >

thats not how the saying goes. it goes like “the person was born on third and thinks they hit a triple.” You cant hit a home run and stop on third base. >

Well, you can, but you’re really going to piss off a lot of people. >

That is what I was thinking, if you hit it over the wall is there a rule you have to go all the way to home? >

I think so because technically the run doesn’t count until the runner touches the plate. >

That’s why his legal team wanted his extradition: so he could make bail, right? >

For sure >

I once had a unpaid ticket for 350 dollars that i couldn't pay and got a warrant for. I spent 3 months in jail for the warrant and still had to pay the ticket. I was also denied bond. 
How does he only get house arrest for stealing 8 billion? >

You go to jail where you live for not being able to pay a ticket?! Sounds like 19th century England. >

People who stole 0.001% of what he did are sitting in jail today because they cannot afford bail or the terms of release. Therefore, his bail was set too low by orders of magnitude. >

Or others bail was too high.  If you’re not a flight risk or danger to others, there’s zero reason to disrupt a persons life by keeping them in jail when they’re not found to be guilty. >

Great point. >

Whose house? I thought mom and dad were staying on the island with all that property they bought?
edit, whoops, it's whose. >


Who's house?

Run's House. >

I said, WHOSE HOUSE?! >

Say What? >

Soooo you're saying if I rob a bank I can use that money to pay for the best defense lawyer in town? I wonder if I'd get to keep the rest if I get off. Sounds like a good career possibility. >

You can't rob a bank and get off, banks are where rich people keep money, and you absolutely positively cannot rob the rich. 
You can rob poor people all you want without consequences, however. And if you do it in volume like Jeff Bezos or Sam Walton...well, you see where it got them! >

This guy screwed over Tom Brady and a handful of other athletes. I really want to see what happens to him >

Fat Leonard got house arrest. 
Guess where he's at now. >

You'd really think they'd improved on the technology by now so people couldn't just cut the monitor off and be gone for days before you even notice. >

Took the time to load his belongings in U-Haul trucks but nobody suspected he was about to flee >

So is it safe to assume that by this time, he's already geeked to the rafters and soloing mid? >

Bailed out with the money he stole… the irony is too much. >

His parents house as collateral. That would be ridiculous. >

But didn't they get money from him/his company? >

His parents are finance lawyers. Perfectly capable of owning their own nice home. I’m not saying they didn’t get anything from him but I’m sure they have their own assets. It also states other people with a large amount of assets are also co-signing on the bail. >

But he did give his parents a 16 million dollar home in the Bahamas. So it's hard to tell. >

If you really would believe the US gov would allow a guy to go on bail using money or assets illegally gained… idk what to tell you. >

But see you're not thinking like a rich person. Sure the parents are putting up their *California* house, but they own a house in the Bahamas that's worth 16 million that isn't on the line. And that's just what we know of. There were 19 properties bought in the last 2 years between them, SBF, and other execs totally 121 million in the Bahamas that, as far as I can tell, hasn't been seized or put a hold on. 
All that money & assets illegally gained are supporting SBFs parents while they put their nominally compartmentalized property up. I'm sure they'd hate to lose their home in their worst case scenario, but it's not like they don't have others explicitly from SBF's doings. >

Lol you think they’re getting to keep a house paid for by stealing billions of dollars from customers of his exchange? >

Absolutely, we’ll see how it turns out but so far not much has been done/seized at all from the bahamas >

How come the feds haven’t seized his assets? >

IKR?  He's being accused of bilking people out of money and they're letting him use that money? >

Innocent until proven guilty. It sucks sometimes but it’s the foundation of justice. >

Does admission of guilt make you guilty? >

not if you are wealthy >

He bought his parents a $25 Million house with stolen money and they are letting them use it as bail collateral? >

Actually the bond isn’t fully secured and their Palo Alto properties not associated with FTX were used to partially secure it. >

How tf does that total to $250m is my question. Only logical answer I can see is that the funds were given to them by sbf >

First of all bails bondsmen only require 10% for conventional bonds though some judges require you to provide the full amount without bail which wasn’t done in this case.  The judge also allowed a bond without the full amount covered by assets which seems rather unusual.  Therefore they were allowed to let him free without the conventional $25 million in assets which would be required in most cases. >

I mean, numbers that big are just a joke anyway, right? What bail bondsman has $250m to hand over if he scoots? What does the court do with all the money? >

I have a better suggestion for the bail amount: 
$200 Billion >

I think the biggest thing for the bail is that he’s more than likely using stolen funds to post bail. His parents bought the house they’re using as collateral especially since the house would have to be 25 mil to hit 10% of the bond. He shouldn’t get bail as any amount set would be paid for with stolen funds and if he skips town he only loses a house that’s stolen. >

Can I please be put on house arrest in THAT house? I promise to do whatever crimes are required to be punished with that lifestyle. >

What a joke, fuck this guy and his associates. >

I am shocked that his parents used $10 million to partially secure the bond since they might need them for their own bonds. >

You know all those videos of people snatch n grabbin from shirts from a big chain store? I don’t care. This dude probably committing some serious financial crimes to the tune of Billions.. and still posting bail. Yeah, something ain’t right with our system. >

It's okay to not be okay with both of these scenarios.