New SBF bail docs simply dropped

A federal court docket in New York has unsealed paperwork with the non-family signatories for Sam Bankman-Fried’s bail. Seems they’re former Stanford professors, as our colleague Joe Miller at the FT has reported.

Their identities have been a focal point amongst financial-industry varieties. Past the apparent causes of newsworthiness — SBF’s prison costs stem from one of many messiest bankruptcies in trendy historical past — the massive dimension of the bail ($250mn) required the 2 non-family signatories to place up a mixed $700,000, elevating questions on whether or not the signatories have been financial-industry varieties themselves.

Right now we discovered they aren’t!

Larry Kramer, former dean of Stanford’s Legislation College, confirmed to mainFT that he was one of many signatories for SBF’s bail, and stated that he has been buddies with SBF’s mother and father because the Nineteen Nineties, and signed as a result of he needed to assist the fallen cryptowunderkind’s mother and father by way of a disaster. He put up $500,000.

Andreas Paepcke, a professor of pc science at Stanford, put up the remaining $200,000. He hasn’t but responded to our name and e-mail searching for remark. Paepcke has a completely charming faculty website the place he discusses his musical endeavours, curiosity in poetry, and “wonderful midlife-crisis-red Honda scooter.” One other of his listed hobbies is “worrying”, so please be sort, commenters!