Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond

According to the most recent court docket paperwork within the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York choose presiding over the case unsealed the co-signers of Bankman-Fried’s bond on Wednesday. The names of the 2 bail bond co-signers that had been beforehand redacted from court docket paperwork are Stanford University alumni Larry Kramer and Andreas Paepcke.

Details Emerge on SBF’s Bail Bond Co-Signers

Sam Bankman-Fried (SBF), co-founder of FTX, faces eight counts of economic misconduct for allegedly mishandling buyer funds. He is presently out on bail and is being monitored by an ankle bracelet, together with his trial scheduled for Oct. 3, 2023. SBF’s $250 million bond settlement was secured by his mother and father’ Stanford school dwelling, and two co-signers backed the settlement. However, their names had been beforehand unknown as a result of legal professionals argued that they need to stay redacted for privateness causes.

On Wednesday, the New York choose unsealed the beforehand redacted names of the 2 co-signers, revealing that they had been outstanding members of Stanford University. One co-signer was Larry Kramer, a former dean of Stanford Law School from 2005 to 2012. The different co-signer was Andreas Paepcke, a senior analysis scientist in pc science at Stanford University. Kramer is the president of the left-leaning Hewlett Foundation, which goals to bolster ‘efficient philanthropy.’ He has described SBF’s mother and father as “the truest of friends.” In a press release despatched to a number of media publications, Kramer said:

Joe Bankman and Barbara Fried have been shut pals of my spouse and I because the mid-Nineteen Nineties. During the previous two years, whereas my household confronted a harrowing battle with most cancers, they’ve been the truest of pals — bringing meals, offering ethical assist, and ceaselessly stepping in at second’s discover to assist. In flip, now we have sought to assist them as they face their very own disaster.

According to stories, a number of information shops have tried to get a remark from pc science researcher Andreas Paepcke, however he has not responded to requests. According to his bio, Paepcke is involved in ‘interfaces and techniques’ and leverages ‘information analytics to create instruments that profit these on-line efforts.’ Some folks on Twitter additionally commented on the resemblance between SBF and Paepcke. SBF told journalist Tiffany Fong that neither of the bond guarantors “received payments from FTX or Alameda.”

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