28 C
New York

Sam Bankman-Fried claims automobile threatening him crashed into parents’ home


Without spending a dime real time breaking news alerts sent straight to your inbox enroll to our breaking news emails

Enroll to our free breaking news emails

A automobile smashed right into a metal barricade outside the California home of embattled FTX founder Sam Bankman-Fried, in accordance with his lawyers.

In a court filing, lawyers for the under-house-arrest executive told Manhattan federal court that the incident is an example of the safety issues he faces.

The unidentified men drove into the barrier outside the Palo Alto home of Mr Bankman-Fried’s parents and told a security guard, “You won’t find a way to maintain us out.” The lads then reportedly jumped back into the vehicle and drove off.

Mr Bankman-Fried, 30, is under house arrest after he agreed to be extradited from the Bahamas following his arrest on fraud and conspiracy charges.

Recent York prosecutors allege that he stole billions of dollars from FTX to cover losses at his hedge fund.

The newest filing was made in response to media filings for a judge to make public who, along along with his parents, has put up the $250m bail money to maintain him out of prison.

Media organisations have argued that the general public’s right to know the identities of the guarantors outweighs privacy and safety rights.

But his lawyers told the court that the media was ignoring the security of those individuals.

“Given the notoriety of this case and the extraordinary media attention it’s receiving, it is cheap to assume that the non-parent sureties will face significant privacy and safety concerns if their identities are disclosed,” Mark Cohen and Christian Everdell wrote in a letter to US District Judge Lewis Kaplan.

Each individuals have been interviewed and approved by prosecutors and posted bonds of $500,000 and $200,000, which they may lose if the suspect fails to return to court.

Mr Bankman-Fried has pleaded not guilty in court and earlier this month reiterated his denial he stole funds from FTX customers.

“I didn’t steal funds, and I actually didn’t stash billions away,” Mr Bankman-Fried wrote in a blog published on Substack.

Reuters contributed to this story

Get the latest Sports Updates (Soccer, NBA, NFL, Hockey, Racing, etc.) and Breaking News From the United States, United Kingdom, and all around the world.

Related articles


Recent articles