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Sam Bankman-Fried is appealing the judge’s decision to reveal the identities of 2 people who helped secure his $250 million bail package


sam bankman fried sbf court drawing illustrationCourtroom sketch of Sam Bankman-Fried with his attorneys at his arraignment hearing in December.

Jane Rosenberg/Reuters

  • Sam Bankman-Fried appealed a judge’s decision to release the names of his bail guarantors.
  • Besides his parents, two as-yet-unidentified people cosigned the $250 million bail bond to get the FTX founder released from jail. 
  • Bankman-Fried’s attorneys argued the potential of physical threats were reasons to keep their identities sealed.

Sam Bankman-Fried doesn’t want the public to know the names of the wealthy backers who helped bail him out of jail while he awaits trial.

Attorneys for the FTX founder appealed a judge’s decision to reveal the two non-parental cosigners of his $250 million bail bond, according to a court filing on Tuesday.

This comes a week after US District Judge Lewis Kaplan ruled in favor of a joint petition by multiple media companies seeking the names of the bail guarantors. The Wall Street Journal, Washington Post, and Bloomberg, along with a slew of other newsrooms, have all filed a suit to get the court to unseal the names. 

“The public’s interest in this matter cannot be overstated,” a January 12 filing reads. “Mr. Bankman-Fried stands accused of perpetrating one of the largest financial frauds in history.”

Bankman-Fried’s lawyer Mark Cohen previously argued that revealing the cosigners names could result in physical threats for the two individuals, similar to what Bankman-Fried’s parents have faced.

“In recent weeks, Mr. Bankman-Fried’s parents have become the target of intense media scrutiny, harassment, and threats,” Cohen said last month. “Among other things, Mr. Bankman-Fried’s parents have received a steady stream of threatening correspondence, including communications expressing a desire that they suffer physical harm.”

Federal prosecutors have accused Bankman-Fried of defrauding investors. The eight criminal charges he faces, including wire fraud, money laundering, and campaign finance violations, carry a maximum sentence of 115 years in prison. He has pleaded not guilty to all charges.

Read the original article on Business Insider