SBF’s bail was backed by Stanford employees
One of the guarantors was Larry Kramer. He is a former dean of Stanford Law School and a close friend of Sam’s parents. Larry stated that Joe Bankman and Barbara Fried supported his family during the battle with cancer.
On this page
Kramer said he signed SBF's bail to return the favor. He also confirmed Sam's words that he didn’t receive any payments from FTX and Alameda Research for acting as a guarantor.
The other benefactor was Andreas Paepcke, a senior research scientist at Stanford University. There are so far no details on his ties to SBF.
As you can see, friends at prestigious universities are better than $250 million in the purse.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
