(PatriotWise.com) – Lawyers for Sam Bankman-Fried said on Tuesday that their client’s parents had received threats of physical violence since the failure of their son’s cryptocurrency exchange, FTX.
The information was made public in a filing made in the Manhattan federal court. In the filing, the attorneys asked for the names of two remaining sureties for Bankman-$250 Fried’s million bond not to be disclosed.
According to a source who is familiar with the situation, Bankman-Fried is planning to enter a plea of not guilty to the criminal charges that he defrauded investors and stole billions of dollars from FTX on Tuesday. The source also noted that Bankman-Fried is expected to make this announcement.
In what the prosecutors have referred to as a fraud of epic proportions, Bankman-Fried is accused of illegally using customer deposits made with FTX to support his Alameda Research hedge fund, purchase real estate, and make political contributions totaling millions of dollars.
Since the conditions of Bankman-bail Fried were established, he has been mandated to live with his parents, Joseph Bankman and Barbara Fried, under electronic monitoring supervision. It has been reported that the family has been spending $10,000 each week on private armed guard protection.
In the document they filed on Tuesday, his attorneys stated that the parents “have, in the past few weeks, come under intense scrutiny from the media and have been the target of harassment and threats. The parents of Mr. Bankman-Fried have, among other things, been the recipients of a steady stream of threatening correspondence, including communications that express a desire that they are injured physically.”
Consequently, the attorneys stated that there was “serious cause for concern” that the additional sureties could face comparable invasions of privacy as well as threats and harassment and that this overcame any public right of access to their identities.
Professors at the Stanford Law School, Bankman and Fried, are known to students as “Bankman and Fried.”
They agreed that they would co-sign their son’s bond, with the additional sureties signing separate bonds for amounts that were less.
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