Eight major media companies, including Bloomberg, The Financial Times and Reuters, have demanded public disclosure of the two people responsible for securing the $250 million bail of former FTX CEO Sam Bankman-Fried.
On a January 12 letter Addressed to New York District Court Judge Lewis Kaplan, attorneys for Davis Wright Tremaine LLP, acting on behalf of the media giants, argued that "the public's right to know Bankman-Fried's guarantors outweighed your privacy and security rights.
Media organizations seeking to persuade the judge to reveal the identities of Bankman-Fried's guarantors include the Associated Press, Bloomberg, CNBC, Dow Jones, The Financial Times, Insider and the Washington Post.
In presenting their case, media lawyers used the precedent from the December 2020 Ghislaine Maxwell case, where the names of the bond guarantors were not disclosed, to argue that Sam Bankman-Fried's financial crimes were not as Serious as Maxwell's involvement in Jeffery Epstein's son. Sex trafficking ring scandal:
"While Mr. Bankman-Fried is accused of serious financial crimes, a public association with him does not carry the same stigma as with the Jeffrey Epstein child sex trafficking scandal."
According to a January 12 report by Reuters, lawyers for Bankman-Fried previously argument that Bankman-Fried's guarantees must be kept secret as Joseph Bankman and Barbara Fried, the parents and co-signers of Bankman-Fried's $250 million bail, have received continuous physical threats since FTX catastrophic collapse in early november.
Related: Sam Bankman-Fried: "I did not steal funds and I certainly did not save billions"
If the names of the guarantor were revealed, there would be "serious cause for concern" for the safety and well-being of those two people, Bankman-Fried's lawyers argued.
it's january 3, Bankman-Fried pleaded not guilty against eight criminal charges related to the collapse of his former cryptocurrency exchange FTX, including wire fraud and violations of campaign finance laws, among other charges.
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