Bankman-Fried $250M Bond Is a ‘Joke,’ Claims Securities Lawyer

On Wednesday, Judge Lewis Caplan of the Southern District of New York (SDNY) disclosed the names of the two additional bond co-signers, Stanford University’s Andreas Paepcke, a senior research scientist; and Larry Kramer, once a dean of the university’s law school. They had agreed to pay $200,000 and $500,000, respectively. However, said Murphy, only if Bankman-Fried decided to skip town would “they have to write a check.”

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