First, SBF wasn't freed on $700k. His parents put up their house as well. The article does mention this.
Second, in NY (and many places), you aren't responsible for the full amount unless you break certain conditions, like trying to flee.
Second, in NY (and many places), you aren't responsible for the full amount unless you break certain conditions, like trying to flee.
Well ... not really. It still seems like a farce. Either lower the bail amount, or require meaningful proof that the guarantors have access to anywhere near the ostensible figure.
"Your bail is $X, but we'll set requirements that completely ignore $X" seems comedic at best, or special treatment at worst.
(I know, the courts will "come after" the guarantors for the full $250M. It's still irrelevant to the on-the-ground reality.)
[1] 700/250000 = 0.28% . Actual is 700 + 700? (from anons) + 4000 (house) = 8800/250000 = 3.5%.
The way the US justice system treats the rich vs others really is...
What was the value of that roughly?
https://www.businessinsider.com/sbf-parents-house-on-leased-...