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Stanford Research Director, Former Dean Revealed to Be Bankman-Fried's Bond Signers
Bankman-Fried has two co-signers in addition to his parents.
A federal judge ruled the names of Sam Bankman-Fried's bond co-signers should be revealed after Bankman-Fried did not apply to the appeals court.
District Judge Lewis Kaplan, of the Southern District of New York, originally ruled in favor of news organizations, including CoinDesk, which argued the names of Bankman-Fried's signers were in the public interest, but did not rule pending an appeal. While Bankman-Fried's attorneys filed a notice that they would appeal, they did not file the actual appeal, the judge said in a new ruling Wednesday.
STORY CONTINUES BELOW
The signers were revealed to be Stanford University's Andreas Paepcke and Larry Kramer, who put up $200,000 and $500,000, respectively. Bankman-Fried's parents are both Stanford instructors. Paepcke is a senior research scientist while Kramer is a former dean of Stanford Law School.
Kramer told CoinDesk it was his friendship with Bankman-Fried's parents, Barbara Fried and Joseph Bankman, that led him to post bail for the now-disgraced former FTX CEO.
"Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s. During the past two years, while my family faced a harrowing battle with cancer, they have been the truest of friends – bringing food, providing moral support and frequently stepping in at moment's notice to help. In turn, we have sought to support them as they face their own crisis," Kramer said in a statement provided to CoinDesk.
"My actions are in my personal capacity, and I have no business dealings or interest in this matter other than to help our loyal and steadfast friends. Nor do I have any comment or position regarding the substance of the legal matter itself, which is what the trial will be for," Kramer added."
Paepcke did not immediately return CoinDesk's request for comment.
Bankman-Fried was arrested in December but released on a $250 million bond. His parents signed for the bond, putting their Stanford home up as collateral. The names of the other two signers were initially redacted.
UPDATE (Feb. 15, 2023, 18:47 UTC):Adds additional details.
UPDATE (Feb. 15, 2023, 19:41 UTC): Adds comment from Larry Kramer.
Nikhilesh De
Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. When he's not reporting on digital assets and policy, he can be found admiring Amtrak or building LEGO trains. He owns < $50 in BTC and < $20 in ETH. He was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.
Cheyenne Ligon
On the news team at CoinDesk, Cheyenne focuses on crypto regulation and crime. Cheyenne is originally from Houston, Texas. She studied political science at Tulane University in Louisiana. In December 2021, she graduated from CUNY's Craig Newmark Graduate School of Journalism, where she focused on business and economics reporting. She has no significant crypto holdings.
