A federal judge has allowed the identities of the guarantors who signed guarantees for former FTX CEO Sam Bankman-Fried’s $250 million bond to be made public, following a request from multiple media outlets.
Court documents released on February 15 showed the two previously unidentified individuals were Andreas Paepcke, a senior research scientist at Stanford University, and Larry Kramer, a former dean of Stanford Law School. The two signed as sureties on Bankman-Fried’s bail on January 25 for $200,000 and $500,000, respectively.
Eight major news outlets petitioned Judge Lewis Kaplan in a January 12 letter, requesting that the court reveal the names of the two individuals “who provided financial backing to Mr. Bankman-Fried,” citing public interest in the matter. The judge initially granted the petition, but suspended the disclosure of the guarantors’ identities until February 7 to allow SBF’s legal team to appeal. Bankman-Fried’s lawyers announced their intention to appeal, delaying the release of the information until February 14.
SBF’s parents, Joseph Bankman and Barbara Fried, were the other two parties who signed their son’s $250 million bond in December. Bankman-Fried’s bail conditions restricted him to confinement at his parents’ home in California, but he has been allowed out for court appearances and other assignments.
This story is developing and will be updated.
