{"id":531739,"date":"2022-12-23T17:48:07","date_gmt":"2022-12-23T14:48:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bill-ackman-slams-sam-bankman-frieds-250m-bond-deal\/"},"modified":"2022-12-23T17:48:07","modified_gmt":"2022-12-23T14:48:07","slug":"bill-ackman-slams-sam-bankman-frieds-250m-bond-deal","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bill-ackman-slams-sam-bankman-frieds-250m-bond-deal\/","title":{"rendered":"#Bill Ackman slams Sam Bankman-Fried&#8217;s $250M bond deal"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40ee87c6819\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40ee87c6819\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bill-ackman-slams-sam-bankman-frieds-250m-bond-deal\/#%E2%80%9CBill_Ackman_slams_Sam_Bankman-Frieds_250M_bond_deal%E2%80%9D\" >&#8220;Bill Ackman slams Sam Bankman-Fried&#8217;s $250M bond deal&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBill_Ackman_slams_Sam_Bankman-Frieds_250M_bond_deal%E2%80%9D\"><\/span>&#8220;Bill Ackman slams Sam Bankman-Fried&#8217;s $250M bond deal&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Billionaire Bill Ackman criticized the $250 million bond deal that allowed disgraced FTX founder Sam Bankman-Fried to live at his parents\u2019 Bay Area home while awaiting federal trial on fraud charges.<\/p>\n<p>The New York hedge fund manager, whose net worth was pegged by Forbes at $3.5 billion by dint of his ownership in Pershing Square Capital Management, tweeted that the bond deal is an indication of Bankman-Fried\u2019s guilt since it <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arently refutes his prior claims that he had no money left.<\/p>\n<p>\u201cI instinctually want to believe the best in people,\u201d Ackman tweeted on Thursday. \u201cWhen coupled with my strong belief that one is innocent until proven guilty, I can be at risk of trusting a crook.\u201d<\/p>\n<p>Bankman-Fried\u2019s \u201cposting $250m of bail is itself a criminal indictment and refutation of everything he has said to date,\u201d Ackman wrote.<\/p>\n<p>Ackman followed up with another tweet which read: \u201cI just read the terms of the bail agreement.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-wrapper twitter\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I instinctually want to believe the best in people. When coupled with my strong belief that one is innocent until proven guilty, I can be at risk of trusting a crook. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX?ref_src=twsrc%5Etfw\">@SBF_FTX<\/a> posting $250m of bail is itself a criminal indictment and refutation of everything he has said to date. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/saVUvyTpqX\">https:\/\/t.co\/saVUvyTpqX<\/a><\/p>\n<p>\u2014 Bill Ackman (@BillAckman) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BillAckman\/status\/1605998478869544974?ref_src=twsrc%5Etfw\">December 22, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/figure>\n<p>\u201cThe best one can say is that he has some very wealthy friends and family that believe in him, but with the guilty pleas and cooperation from his two colleagues, things are not looking good for @SBF_FTX,\u201d Ackman tweeted.<\/p>\n<p>Ackman was alluding to the guilty pleas of Caroline Ellison, the former CEO of Bankman-Fried\u2019s hedge fund Alameda Research, and FTX co-founder Gary Wang, who are now cooperating with federal prosecutors. They will likely provide incriminating evidence against Bankman-Fried in exchange for more lenient punishments for their respective roles in FTX\u2019s bankruptcy.<\/p>\n<p>In a subsequent tweet, Ackman compared Bankman-Fried to convicted fraudster Bernie Madoff, the former stock market whiz who ran a multibillion-dollar Ponzi scheme that wiped out the life savings of thousands of investors.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-72.jpg?w=1024\" alt=\"Sam Bankman-Fried, who faces a litany of federal fraud charges, was freed into the custody of his parents while awaiting trial.\" class=\"wp-image-25114118\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-72.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-72.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-72.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Sam Bankman-Fried, who faces a litany of federal fraud charges, was freed into the custody of his parents while awaiting trial.<\/figcaption><figcaption><span class=\"credit\">Matthew McDermott<\/span><\/figcaption><\/figure>\n<p>Bankman-Fried, whose net worth was once valued as high as north of $26 billion during the peak of the cryptocurrency boom, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.axios.com\/2022\/11\/29\/sam-bankman-fried-100000-ftx-cftc-regulation\">told Axios weeks after his company<\/a> imploded that he had just $100,000 in his bank account \u201clast I checked.\u201d<\/p>\n<p>According to the terms of his bond, Bankman-Fried was released to the custody of his parents \u2014 Stanford law professors Joseph Bankman and Barbara Fried \u2014 on bail.<\/p>\n<p>The personal recognizance bond that allowed Bankman-Fried, who allegedly swindled investors out of billions and looted customer deposits, to avoid jail while awaiting trial was secured by equity in his parents\u2019 home as well as their signatures, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/apnews.com\/article\/ftx-sam-bankman-fried-ny-court-updates-e51c72c60cd76d242a48b19b16fd9998\">according to the Associated Press.<\/a><\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-wrapper twitter\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It appears that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FTX_Official?ref_src=twsrc%5Etfw\">@FTX_Official<\/a> was a legitimate profitable exchange started by an MIT grad with backing from top VCs at a massive valuation. Why would <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX?ref_src=twsrc%5Etfw\">@SBF_FTX<\/a> commit fraud at Alameda and blow up FTX and risk a lifetime in jail? This reminds me of Madoff<\/p>\n<p>\u2014 Bill Ackman (@BillAckman) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BillAckman\/status\/1606116911711862784?ref_src=twsrc%5Etfw\">December 23, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/figure>\n<p>Nicolas Roos, the prosecutor who appeared in court for the bond hearing in Manhattan federal court on Thursday, also insisted that Bankman-Fried\u2019s bond be secured by the signatures of two other \u201cfinancially responsible people with considerable assets.\u201d<\/p>\n<p>That means that if Bankman-Fried were to flee before his Jan. 3 court hearing or anytime afterward, his parents and the other two individuals would be on the hook for $250 million to the federal government.<\/p>\n<p>Per the terms of his bond, which were apparently negotiated when Bankman-Fried dropped his bid to contest extradition to the US, the ex-mogul surrendered his passport and was also required to wear an ankle bracelet that would allow authorities to track his movements.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-74-2.jpg?w=1024\" alt=\"Bankman-Fried, 30, was forced to surrender his passport and will be required to wear an ankle bracelet.\" class=\"wp-image-25114119\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-74-2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-74-2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-74-2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Bankman-Fried, 30, was forced to surrender his passport and will be required to wear an ankle bracelet.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>His bail conditions also require that he not open any new lines of credit, start a business or enter financial transactions larger than $1,000 without the approval of the government or the court.<\/p>\n<p>Earlier this month, Ackman drew fire on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> when he tweeted on Nov. 30 that he thought Bankman-Fried was \u201ctelling the truth\u201d when he denied knowingly committing fraud.<\/p>\n<p>Ackman reacted to one of several interviews that Bankman-Fried granted following the collapse of FTX, including his notable sit-down with Andrew Ross Sorkin at the New York Times DealBook Summit.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-73.jpg?w=1024\" alt=\"Ackman said the bond deal is &quot;itself a criminal indictment&quot; which &quot;refutes&quot; Bankman-Fried's earlier claims of being broke.\" class=\"wp-image-25114115\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-73.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-73.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/Sam-Bankman-Fried-73.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Ackman said the bond deal is \u201citself a criminal indictment\u201d that \u201crefutes\u201d Bankman-Fried\u2019s earlier claims of being broke.<\/figcaption><figcaption><span class=\"credit\">Matthew McDermott<\/span><\/figcaption><\/figure>\n<p>But the billionaire hedge fund manager sought to clarify his position in the face of widespread criticism.<\/p>\n<p>\u201cI was in attendance at the @andrewrsorkin interview of @SBF_FTX and tweeted that I found SBF believable,\u201d Ackman tweeted on Dec. 3.<\/p>\n<p>\u201cMany have interpreted my tweet to mean that I am defending SBF or somehow supporting him. Nothing could be further from the truth.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-wrapper twitter\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">If indeed he is telling the truth, it may make it more likely that he has civil rather than criminal liability. I understand why the victims here want him to suffer the most severe consequences including jail time. I would likely feel the same if I too was a victim.<\/p>\n<p>\u2014 Bill Ackman (@BillAckman) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BillAckman\/status\/1599137371957522433?ref_src=twsrc%5Etfw\">December 3, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/figure>\n<p>Ackman continued: \u201cThe @FTX_Official fiasco is, at a minimum, the most egregious, large-scale case of business gross negligence that I have observed in my career, and that conclusion is reinforced by SBF\u2019s recent public statements.\u201d<\/p>\n<p>\u201cIf indeed he is telling the truth, it may make it more likely that he has civil rather than criminal liability.\u201d<\/p>\n<p>\u201cI understand why the victims here want him to suffer the most severe consequences including jail time,\u201d Ackman tweeted. \u201cI would likely feel the same if I too was a victim.\u201d\n                        <\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/12\/23\/bill-ackman-slams-sam-bankman-frieds-250m-bond-deal\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Bill Ackman slams Sam Bankman-Fried&#8217;s $250M bond deal&#8221; Billionaire Bill Ackman criticized the $250 million bond deal that allowed disgraced FTX founder Sam Bankman-Fried to live at his parents\u2019 Bay Area home while awaiting federal trial on fraud charges. The New York hedge fund manager, whose net worth was pegged by Forbes at $3.5 billion&#8230;<\/p>\n","protected":false},"author":1,"featured_media":531740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/comp-14.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135234,89897,137636,70885,76127,71006],"class_list":["post-531739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ftx","tag-sam-bankman-fried","tag-12-23-22","tag-bill-ackman","tag-cryptocurrency","tag-fraud"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/531739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=531739"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/531739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/531740"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=531739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=531739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=531739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}