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The Independent UK

National

Larry Neumeister

FTX founder's bail signatories include 2 family friends

FTX Sam Bankman-Fried Larry Kramer Lewis A Kaplan Andreas Paepcke Joseph Bankman Stanford Stanford University Barbara Fried Academics

Copyright 2023 The Associated Press. All rights reserved.

Two Stanford University academics signed on to FTX founder Sam Bankman-Fried’s $250 million bail package, enabling him to live with his parents while awaiting trial on fraud charges, court papers revealed Wednesday.

Unsealed papers in Manhattan federal court showed that Larry Kramer, dean emeritus of Stanford Law School, and Andreas Paepcke, a senior research scientist at Stanford, pledged to pay a total of $700,000 if Bankman-Fried flees before facing trial on charges that he defrauded investors in his cryptocurrency trading platform.

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