Sam Bankman-Fried Forced to Reveal Names of Bond Signers

The judge presiding over Sam Bankman-Fried’s criminal case today ordered the names of the disgraced crypto mogul’s bond signers to be revealed, according to court documents.

Andreas Paepcke put up $200,000 and Larry Kramer put up $500,000, Wednesday’s filing shows. Both have worked at Stanford University—where Bankman-Fried’s parents also worked. 

Bankman-Fried was in December released from custody by a New York judge under a $250 million bond agreement. The alleged crook’s parents put up their Palo Alto, California home as collateral but others had to sign the bond. 

If Bankman-Fried doesn’t show up for his trial, the co-signers will have to pay the cash. 

Andreas Paepcke is a senior research scientist, according to the college’s website, while Larry Kramer was previously dean of Stanford Law School. 

Stanford is one of America’s most prestigious and expensive universities. Kramer said in a statement that he is a close friend of the Bankman-Fried family. 

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Bankman-Fried—better known as SBF—last month pleaded not guilty to eight criminal charges. 

The ex-boss of the collapsed crypto exchange is accused of wire fraud on customers, conspiracy to commit money laundering and other crimes after the behemoth company blew up spectacularly in November last year. 

It is alleged Bankman-Fried and others criminally mismanaged the exchange by commingling funds and making risky bets with customer cash on its sister trading platform, Alameda Research.  

Bankman-Fried’s trial is set to begin in October. 

FTX’s fall has since led to the bankruptcy of several other major crypto firms and urged U.S. lawmakers to think hard about how to better regulate the fast-moving and complicated industry.