it appears that no money was actually used in the bail
it was a bonded promise meaning $0 upfront
where parents would lose house and have to pay upto $250m if SBF absconds
im sure the courts also have US marshalls parked on the street outside the home 'just in case'
but i do have to laugh
he is released on a bail of said $250m where by no money was needed upfront..
'only in murica' can someone say a huge numbered value, but not need to have real money to back it up
after all isnt the crimes he is alleged of committing, that he promised to pay billions to customers but didnt have the value to pay up.. and yet the courts mention a bond amount but not request money upfront..
seems like its the 'blind leading the blind' in the same circles as the ones that tripped him up in the first place
lets imagine he did abscond. lets imagine the court demanded parents pay $250m
end result they cant. so they just do an 'alex jones' and file bankruptcy to avoid paying for the rest of their lives
the court must know the bail is a "cant and wont pay" deal. so why offer it.
i find it funny how SBF was released with no cash upfront and yet millions of other people on a $1k bond who cant afford that stay locked up purely because they cant afford $1k due to real poverty
While I agree with your general sentiment of very strange things happening in the courtrooms as soon as "important / rich / well connectied people" (like in this case) are involved, I think you are mistaken regarding the liquidity of SBF's parents.it was a bonded promise meaning $0 upfront
where parents would lose house and have to pay upto $250m if SBF absconds
im sure the courts also have US marshalls parked on the street outside the home 'just in case'
but i do have to laugh
he is released on a bail of said $250m where by no money was needed upfront..
'only in murica' can someone say a huge numbered value, but not need to have real money to back it up
after all isnt the crimes he is alleged of committing, that he promised to pay billions to customers but didnt have the value to pay up.. and yet the courts mention a bond amount but not request money upfront..
seems like its the 'blind leading the blind' in the same circles as the ones that tripped him up in the first place
lets imagine he did abscond. lets imagine the court demanded parents pay $250m
end result they cant. so they just do an 'alex jones' and file bankruptcy to avoid paying for the rest of their lives
the court must know the bail is a "cant and wont pay" deal. so why offer it.
i find it funny how SBF was released with no cash upfront and yet millions of other people on a $1k bond who cant afford that stay locked up purely because they cant afford $1k due to real poverty
They own a lot of property valued in the hundrets of millions, at least that's what I read in some articles a few weeks ago. So my guess is the court could indeed get the $250M if need be.
