The Briefing Room
General Category => National/Breaking News => Topic started by: mystery-ak on December 27, 2022, 10:54:06 pm
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Sam Bankman-Fried’s family pays $10K a week for armed security, sources say
By Selim Algar
December 27, 2022 2:05pm
(https://nypost.com/wp-content/uploads/sites/2/2022/12/security-sam-bankman-fried-parents-comp.jpg?quality=75&strip=all&w=1024)
PALO ALTO, Calif. — Amid death threats and sudden global infamy, accused FTX fraudster Sam Bankman-Fried and his parents have turned their posh Stanford home into a heavily guarded fortress.
The family is shelling out roughly $10,000 a week to have a private Bay Area security firm patrol the leafy, 3,000-square-foot residence with several armed guards working around the clock, sources told The Post.
“They’re nervous,” one source said. “There have been death threats. They’re not taking any chances.”
Bankman-Fried threw cryptocurrency into chaos with the collapse of his FTX exchange, which came amid federal prosecutors investigating his alleged illegal use of investors’ money to prop up his Alameda hedge fund.
He was jailed in the Bahamas, where he had set up his crypto empire, then extradited to the US, where he is now under house arrest with a $250 million bond.
The episode has had a significant impact on Bankman-Fried’s father, Stanford Law professor Joseph Bankman, and mother, Barbara Fried, a tax expert at the same university.
more
https://nypost.com/2022/12/27/ftxs-sam-bankman-fried-pays-10k-a-week-for-armed-security/
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Wow, that's a lot of money for a couple of professors to come up with. I guess their little boy paid them awful good for their 'advice'.
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Like their home, which they used to make bail, this is all coming from stolen money. That's what so many talking heads are saying on the news. How can he use the money he stole to pay for his bail and his defense when so many of his clients are facing bankruptcy because of him? It makes no sense.
Also, they are discussing his obvious "special treatment" because he gave so much to Democrats and others. He has ingratiated himself into the Democrat power circles and therefore is receiving the same treatment as power Democrats receive, which is immunity from all laws.
None of the money will be returned. And nothing will happen to him. He will walk free to use the multimillions he has stashed somewhere, (Swiss account), for exactly this contingency purpose.