It looks like the snowflake who ran the world's largest crypto money-laundering scheme has gotten himself temporarily freed from prison thanks to his mommy and daddy.
His parents, both Stanford Law professors, were present in the courtroom. Bankman-Fried was flanked by two U.S. Marshals, dressed in a suit and tie.
Bankman-Fried's parents would put up the equity in their home to partially satisfy bail conditions. As part of the release, Bankman-Fried would be released into the custody of his parents home.
I'm pretty sure SBF bought his parents $30 million or so in real estate, so I have to wonder how much of this is his parents helping and how much is SBF helping himself.
Bankman-Fried had previously claimed that he was down to a mere $100,000.
Bankman-Fried was indicted in the Southern District of New York on eight counts including securities fraud and money laundering. Judge Gabriel Gorenstein said that Bankman-Fried would require "strict" supervision following his release to his parents' home in California.
So do you guys think this guy is gonna just disappear or be Epsteined (or both)?
Or do you think he'll be the fall guy for everyone involved?