A former Stanford Law School dean who co-signed Sam Bankman-Fried’s bail said he did so because SBF’s parents have been “the truest of friends” and helped his family through an “angsty battle against cancer”.
In a statement emailed to Cointelegraph on Feb. 16, Larry Kramer said he co-signed Bankman-Fried’s bail as a way to return the favor..
“Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s,” Kramer said.
Over the past two years, Bankman and Fried have provided him with food and moral support, and have “often come to his aid” during his family’s fight against cancer..
“In turn, we we have tried to support them when they face their own crisis,” he added..
Kramer stressed that he had not been influenced to act as guarantor for any payments made to him by any FTX-related entity.writing:
“My actions are in my personal capacity, and I have no business or interest in this matter other than to help our loyal and steadfast friends.”
Apparently, Earlier statements by Bankman-Fried corroborate this claim.and the former FTX CEO is said to have denied that either of the two previously undisclosed guarantors had received any payment from FTX or sister company Alameda Research.
The names of SBF’s bail guarantors have been released: Larry Kramer, former dean of Stanford Law School, signed for $500K & Andreas Paepcke, computer scientist, signed for $200K.
In our last conversation, Sam denied that either guarantor has received payments from FTX or Alameda… https://t.co/cJq2Txi5zY
—Tiffany Fong (@TiffanyFong_) February 15, 2023
The names of the guarantors for SBF’s bail have been released: Larry Kramer, former dean of Stanford Law School, signed for $500,000 and Andreas Paepcke, a computer scientist, signed for $200,000.
In our last conversation, Sam denied that either guarantor received payments from FTX or Alameda… https://t.co/cJq2Txi5zY
Kramer declined to comment on the legal predicament facing Bankman-Fried.pointing out that for that “will be the trial.”
The other guarantor is Andreas Paepcke, a research scientist at Stanford University.. She did not respond to questions at the time of publication.
The cryptocurrency community has been scouring the web for more details on Paepcke, but there appears to be little information connecting him to Bankman-Fried outside of his association at Stanford University.where Bankman and Fried used to be law professors.
Via his Stanford bio: “Dr. Andreas Paepcke is a Senior Research Scientist at Stanford University. His interests include user interfaces and systems for teaching and learning. He uses data analytics to create tools that benefit these online efforts.” pic.twitter.com/xWEDVeNOId
— Molly White (@molly0xFFF) February 15, 2023
In his Stanford bio: “Dr. Andreas Paepcke is a research scientist at Stanford University. He is interested in user interfaces and teaching and learning systems. He uses the analysis of
data to create tools that benefit these online efforts.” pic.twitter.com/xWEDVeNOId
United States District Judge Lewis Kaplan had allowed the identities of the two former law professors to be made public on February 15, after receiving requests from eight major media outlets in a letter dated January 12..
Bankman-Fried’s lawyers had tried to maintain the anonymity of the two, arguing that the couple could be subject to intrusions, threats and harassment if their names were made public..
Kaplan disagreed.; he noted that the couple had voluntarily signed individual bonds in a “highly publicized criminal proceeding”, and thus opened themselves up to public scrutiny.
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