Beautiful Virgin Islands

Friday, Sep 11, 2026

We just learned the names of the 2 people secretly guaranteeing Sam Bankman-Fried's $250 million bond

We just learned the names of the 2 people secretly guaranteeing Sam Bankman-Fried's $250 million bond

A federal judge has unsealed the names of two people who are sponsoring Sam Bankman-Fried's $250 million bond, siding with media organizations — including Insider — who argued in court that their identities should be made public.
Larry Kramer, a former dean of Stanford University's law school, contributed $500,000 to the bond, according to court records unsealed Wednesday afternoon. Another person named Andreas Paepcke, who appears to be a research scientist at Stanford University, gave $200,000 for the bond, records show.

Bankman-Fried's parents, Joseph Bankman and Barbara Fried, who are both professors at Stanford University's law school, have also contributed to the bond. They guaranteed the value of their home in Palo Alto, California, where the FTX founder is allowed to remain ahead of a criminal trial on fraud charges.

Kramer told Insider that he and his wife are friends with Bankman-Fried's parents.

"Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s," Kramer wrote in an email. "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."

He also said he had no business interest in the $500,000 he contributed towards Bankman-Fried's bond.

"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," Kramer wrote. "Nor do I have any comment or position regarding the substance of the legal matter itself, which is what the trial will be for."

In December, federal prosecutors in Manhattan brought eight criminal counts against Samuel Bankman-Fried, alleging he "orchestrated a years-long fraud" by misleading investors and customers about FTX, his cryptocurrency exchange, and commingling funds with Alameda Research, a hedge fund he also controlled. Bankman-Fried pleaded not guilty to the charges.

Lawyers for Bankman-Fried have spent the weeks since his arrest trying to keep the names of Paepcke and Kramer secret, arguing the two would be subject to harassment if their names were made public.

But US District Judge Lewis Kaplan on January 30 sided with media organizations — including Insider — which argued that it was in the public's interest to reveal the names.

"Given Mr. Bankman-Fried's relationships and access to some of the most wealthy, powerful, and politically connected individuals, including elected officials, access to the identity of the bond sureties will bolster trust in the judicial process here," lawyers for the news organizations argued in a filing.

The judge ruled that the public interest outweighed any privacy rights the sponsors had and that they knew what they were getting into.

"The non-parental bail sureties have entered voluntarily into a highly publicized criminal proceeding by signing the individual bonds," Kaplan wrote in his January 30 decision.

Kaplan gave Bankman-Fried's lawyers a chance to appeal his decision. But while they filed a document indicating they intended to appeal, they failed to file a separate request asking the appeals court to pause Kaplan's order, leading to the names of Kramer and Paepke to be unsealed Wednesday.

A representative for Bankman-Fried declined to comment. Paepcke and representatives for Stanford University and Stanford Law School didn't immediately respond to Insider's request for comment.

Prosecutors and Bankman-Fried's attorneys are still wrangling over the terms of his home confinement conditions. In the past week, prosecutors and the judge have raised concerns that Bankman-Fried has access to tools that allow him to auto-delete and encrypt messages, and to use a virtual private network, or VPN, that allows him to disguise his internet activity.

His attorneys said in court filings that Bankman-Fried used a VPN to watch NFL playoff games and the Super Bowl.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Merz Rebukes AfD Expansion in Saxony-Anhalt
OpenAI Unveils GPT-6 and Says: "We May Already Have Reached AGI"
Congressman Accused Andrew of Sex Crimes in the United States
Donald Trump: "I'm Glad Harry and Meghan Left the United States"
Spicy Food Is Linked to Lower Death Risk — but It Is Not a Miracle Cure
AfD Enters Saxony-Anhalt Election at 41% in Historic Test for German Politics
Gen Z Turns to Investing as America's First-Home Dream Moves Further Out of Reach
TSA Unveils Major Airport-Security Overhaul as It Drops Gold+ Privatization Plan
CIA Chief Warned Russia Against Attacking NATO in Secret Moscow Mission
Raheem Sterling Charged With Dangerous Driving After Lamborghini Crash
The Secret Dolly Parton Kept Until Her Death: "She Was Much Sicker Than She Let On"
Glacier Collapse, Not Earthquake, Triggered Deadly Nepal-Tibet Flood
Turnbull Warns AUKUS Could Leave Australia Without Promised Nuclear Submarines
California Billionaires Pour More Than $150 Million Into Fight Over Proposed Wealth Tax
German Broadcaster Goes Dark to Warn AfD Could End Its Saxony-Anhalt Service
Badenoch Plans Major Shadow Cabinet Reshuffle as Tories Struggle in Third Place
Prime Minister Andy Burnham to Give Ukraine Classified Storm Shadow Blueprints for Domestic Missile Production
UK Graduate Job Vacancies Plunge 45% to Lowest Levels on Record
Iranian Hackers Shut Down British Power Plant for Four Days in Landmark Cyber Attack
Novak Djokovic Reveals Relentless Self-Doubt and Rejects Retirement in New Documentary
Trump Imposes 50% Tariffs on Canadian Goods After Bilateral Trade Talks Collapse
Australia Combines Indigenous Fire Knowledge With Satellite Tech to Combat Catastrophic Wildfires
Father and Son Jailed in Scotland Over £900,000 Airport Cannabis Smuggling Operation
UK Fraud Reports Surge Sevenfold as Criminals Exploit QR Codes in Parking Meters and Phishing Emails
Brighton Thrash Aston Villa in Four-Goal Opening Half as Manchester City Trail Bournemouth
Erin Patterson Appeals Triple Murder Convictions After Hotel Mixed Sequestered Jury With Prosecution
The rise and fall of Hui Ka Yan, China’s richest man
Woke: Britain Considers Plain Packaging for Cigars as Specialist Shops Warn of Industry Collapse
Britain's Public-Service Productivity Remains Below 2019 as £80 Billion Output Gap Fuels WFH Debate
Mandelson Epstein Case in Jeopardy as U.S. Files Stay Out of Reach
Prince Harry and Six Others Ordered to Pay £9.5 Million After High Court Defeat
Petrol Bombs Set Luxury Cars Alight Outside Birmingham Wedding as Police Hunt Three Men
Bitcoin Surges Toward $80,000 as Short Squeeze and ETF Inflows Ignite Crypto Rally
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
A Sleepless Night on Wall Street: Nasdaq to Begin Nearly Round-the-Clock Trading
"The First in the World": 69-Year-Old Protested Artificial Intelligence—and Went to Jail
Ukraine's Ousted Defence Minister Calls for Wartime Presidential Election
China’s Lifelike AI Humans Move From Livestreams Into Real-World Service Roles
Sarah Ferguson Reportedly Retreats to Late Ex-Boyfriend's Swiss Chalet
Cristiano Ronaldo and Georgina Rodríguez Sign Prenup Protecting Their Separate Fortunes
×