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Sam Bankman-Fried’s two bond guarantors revealed after unsealing


The names of two of FTX co-founder Sam Bankman-Fried’s guarantors were revealed on Wednesday, after an unsealing motion from media firms including CNBC was granted by a Manhattan federal judge.

Bankman-Fried was released on $250 million recognizance bond in December after he was indicted on criminal fraud charges. In all, there have been 4 guarantors, including his parents, to make sure Bankman-Fried’s cooperation with pretrial detention requirements.

The opposite two guarantors at the moment are known to be Larry Kramer, who’s president of the William and Flora Hewlett Foundation and dean emeritus at Stanford Law School, and Andreas Paepcke, a senior research scientist at Stanford University. Their names had been sealed, but several media outlets moved to have their identities made public.

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan within the Manhattan federal court, Recent York, January 3, 2023. 

Ed Jones | AFP | Getty Images

Each of Bankman-Fried’s parents, Joe Bankman and Barbara Fried, are on the school of Stanford. They live near the university.

“Joe Bankman and Barbara Fried have been close friends of my wife and I because the mid-Nineties,” Kramer told CNBC’s Eamon Javers. “In the course of the past two years, while my family faced a harrowing battle with cancer, they’ve been the truest of friends — bringing food, providing moral support, and steadily stepping in at moment’s notice to assist. In turn, we’ve got sought to support them as they face their very own crisis.”

Kramer said he was acting “in my personal capability” and has “no business dealings or interest on this matter apart from to assist our loyal and steadfast friends.”

Kramer signed a $500,000 unsecured bond, while Paepcke signed the identical variety of bond for $250,000.

Paepcke, who graduated from Harvard University and has a Ph.D. in computer science from a faculty in Germany, didn’t immediately reply to a request for comment.

The one information provided within the unsealed documentation was the names of the guarantors and the dates they signed the documents. Their names match the identities of two Stanford University-associated individuals.

Bankman-Fried’s initial release was secured by each his family home and by the 2 bonds. The previous crypto billionaire will return to Recent York later this week for a hearing before a Manhattan federal judge over his bail conditions, and he’s expected to face federal trial in October. He pleaded not guilty in January.

— CNBC’s Eamon Javers contributed to this report.

WATCH: Prosecutors say Sam Bankman-Fried’s contact with FTX employees suggests witness tampering

Prosecutors say Sam Bankman-Fried's contact with FTX employees suggests witness tampering

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