Major media outlets demand identities of SBF's $250M bond guarantors

Eight large media companies including Bloomberg, The Financial Times and Reuters person demanded nationalist disclosure of the 2 individuals liable for guaranteeing FTX erstwhile CEO Sam Bankman-Fried's $250 cardinal bond. 

In a Jan. 12 letter addressed to New York District Court Judge Lewis Kaplan, attorneys from Davis Wright Tremaine LLP — acting connected behalf of the media giants — argued that “the public’s close to cognize Bankman-Fried's guarantors outweighed their privateness and information rights.”

Media organizations looking to transportation the justice to unseal the identities of Bankman-Fried's guarantors see the Associated Press, Bloomberg, CNBC, Dow Jones, The Financial Times, Insider and the Washington Post.

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In making their case, the media’s lawyers utilized lawsuit precedent from Ghislaine Maxwell’s Dec. 2020 lawsuit — wherever the enslaved guarantors' names weren’t revealed — to reason that Sam Bankman-Fried’s fiscal crimes were not arsenic superior arsenic Maxwell’s engagement successful Jeffery Epstein’s kid enactment postulation ringing scandal:

"While Mr. Bankman-Fried is accused of superior fiscal crimes, a nationalist relation with him does not transportation astir the aforesaid stigma arsenic with the Jeffrey Epstein kid enactment trafficking scandal.”

According to a Jan. 12 study from Reuters, Bankman-Fried’s lawyers antecedently argued that Bankman-Fried's sureties should beryllium kept nether wraps arsenic Joseph Bankman and Barbara Fried — the parents and co-signers of Bankman-Fried’s $250 cardinal enslaved — person received ongoing carnal threats since FTX's catastrophic collapse successful aboriginal November.

Related: Sam Bankman-Fried: ‘I didn’t bargain funds, and I surely didn’t stash billions away’

If the guarantor’s names were revealed, determination would beryllium a “serious origin for concern” for the information and payment of those 2 people, Bankman-Fried’s lawyers argued.

On Jan. 3, Bankman-Fried pleaded not guilty against each 8 transgression charges related to the daze illness of his erstwhile cryptocurrency speech FTX, which includes ligament fraud and violations of run concern laws among different charges.