Justice will soon reveal the names of the anonymous signatories of the SBF bail

Since the bankruptcy of FTX, its founder Sam Bankman-Fried has faced a series of criminal charges. But, the former CEO pleaded not guilty and was released on bail a few weeks ago. We know that the parents of SBF, Joseph Bankman and Barbara Fried, are among the four co-signatories of this guarantee. However, the names of the other two signatories have not been released so far.

See you in February to find out the hidden identity of the co-signers

SBF was released on bail in December 2022 pending trial which is expected to have him in October. Since then, we want to know the hidden names of those who paid his bail of 250 million dollars. It turns out that those names will soon be made public by a district court judge. Indeed, the judge acceded to the request of the media to reveal the names of the two anonymous signatories. Also, he could reveal them during the month of February.

Federal Judge Lewis Kaplan of the United States District Court issued a statement on the matter. This suggests that there is no no reason to keep the seals on the names of the two signatories. The judge said: The information sought is traditionally public information “. He added : “ In my view, individual sureties should be on the public record “.

The identity of the co-signers will soon be known

The request to lift the anonymity of the names of the signatories has been suspended until February 7 in the event of an appeal. The court could receive a notice of appeal by then, which will maintain the suspension until February 14.

Should the signatories of the SBF guarantee remain anonymous?

News outlets like the New York Times and Bloomberg filed a petition with the court just recently. This requested the disclosure of the identity of the anonymous signatories of the SBF guarantee, in ” public interest “.

The motion served as a response to an earlier request from attorneys for the former FTX CEO. The latter demanded an expurgation of the two names. According to SBF lawyers, the persons concerned could being threatened and harassed if their names were revealed.

SBF pleaded not guilty to eight counts in December 2022. He maintained that he did not commit any fraud, much less money laundering. Additionally, prosecutors are currently considering making changes to SBF’s bail conditions as he allegedly contacted a witness.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss any of the essential Tremplin.io!

Similar Posts