Bankman-Fried has been staying at his parents’ multimillion-dollar Palo Alto home for the last month after posting bail.
There was a serious “security incident” recently at the Palo Alto, California, home owned by the parents of the disgraced former boss of the crypto exchange FTX Sam Bankman-Fried, lawyers representing Bankman-Fried in his fraud case said in a Thursday letter to the judge overseeing Bankman-Fried’s case.Copyright 2022 The Associated Press.
After driving into a metal barricade in front of the house, three men told a security guard “something to the effect of: ‘You won’t be able to keep us out,’” according to the letter, before driving away. The individuals have not been identified, Cohen and Everdell said, but come amid severe public backlash against Bankman-Fried as he defrauded customers of billions of dollars.
The retelling of the incident came as part of the attorneys’ request to keep private the identities of Bankman-Fried’s other guarantors of his $250 million bail bond. No incident appears to match in Palo Alto police report logs, currently only available through January 6, and the department did not immediately respond toBankman-Fried has lived at the home of his parents Joseph Bankman and Barbara Fried since late December when he, with his parents putting up equity in the house last assessed at $1.8 million and located a stone’s throw away from Stanford University’s campus, where both worked as law professors. Once worth as much as $26.
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