{"id":170686,"date":"2023-02-08T03:26:38","date_gmt":"2023-02-08T03:26:38","guid":{"rendered":"https:\/\/precoinnews.com\/?p=170686"},"modified":"2023-02-08T03:26:38","modified_gmt":"2023-02-08T03:26:38","slug":"sbfs-lawyers-move-to-block-release-of-bail-guarantors-identities","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/sbfs-lawyers-move-to-block-release-of-bail-guarantors-identities\/","title":{"rendered":"SBF\u2019s lawyers move to block release of bail guarantors\u2019 identities"},"content":{"rendered":"

The names of two guarantors who signed off on part of Sam Bankman-Fried\u2019s $250 million bail bond will continue to remain a secret for now.<\/p>\n

A judge has also rejected an agreement that would have permitted Bankman-Fried to use certain messaging apps.<\/p>\n

Bankman Fried\u2019s lawyers filed an appeal to block the release of the guarantors’ names last-minute on Feb. 7. The appeal did not contain further arguments against the disclosure but it will prevent the order from being enforced until Feb. 14 to allow for an application for a further stay. <\/p>\n

The appeal was expected after a Jan. 30 ruling in which United States District Judge Lewis Kaplan granted a joint petition from eight major media outlets seeking to unseal the guarantors’ names.<\/p>\n

<\/p>\n

At the time, Kaplan noted his order was likely to be appealed given the novelty of the circumstances.<\/p>\n

He stated arguments by Bankman-Fried\u2019s lawyers that guarantors \u201cwould face similar intrusions\u201d as Bankman-Fried\u2019s parents lacked merit given the size of their individual bonds was much smaller, at $200,000 and $500,000.<\/p>\n

Bankman Fried\u2019s parents \u2014 Joseph Bankman and Barbara Fried \u2014 were the other two parties who signed off on the bond.<\/p>\n

Additionally, the judge said the guarantors had voluntarily signed individual bonds in a \u201chighly publicized criminal proceeding,\u201d and had therefore opened themselves up to public scrutiny.<\/p>\n

Related: <\/strong>US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial<\/em><\/strong><\/p>\n

Meanwhile, on Feb. 7 Kaplan rejected a joint agreement between Bankman-Fried\u2019s legal team and prosecutors that would have modified bail conditions and allowed Bankman-Fried to use certain messaging apps.<\/p>\n

Kaplan did not provide a reason for denying the motion but added the subject would be further discussed in a Feb. 9 hearing.<\/p>\n

Kaplan ruled on Feb. 1 that Bankman-Fried was barred from contacting FTX or Alameda Research employees citing a risk of \u201cinappropriate contact with prospective witnesses\u201d after it was revealed the former CEO had been contacting past and present staff.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The names of two guarantors who signed<\/p>\n","protected":false},"author":3,"featured_media":170685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nSBF\u2019s lawyers move to block release of bail guarantors\u2019 identities - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/sbfs-lawyers-move-to-block-release-of-bail-guarantors-identities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBF\u2019s lawyers move to block release of bail guarantors\u2019 identities - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The names of two guarantors who signed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/sbfs-lawyers-move-to-block-release-of-bail-guarantors-identities\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-08T03:26:38+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/02\/SBFs-lawyers-move-to-block-release-of-bail-guarantors-identities.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/sbfs-lawyers-move-to-block-release-of-bail-guarantors-identities\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/sbfs-lawyers-move-to-block-release-of-bail-guarantors-identities\/\",\"name\":\"SBF\u2019s lawyers move to block release of bail guarantors\u2019 identities - 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