do the people who put up his bail money lose it due to him violating the terms of the bail and having it be revoked? or do they get it back now as its not needed anymore?
SBF's bail was 250 million dollars. out here in the my world, you have to find a bail bondsman, who commits to covering the entire bail amount, makes sure you have enough assets to cover the entire bail amount, charges you ten percent of the bail amount. You don't get the 10 percent back.
Larry Kramer, former dean of Stanford's law school, pledged to cover 500,000 of it. Andreas Paepcke, a Stanford computer scientist, pledged to cover 200,000 of it.
SBF's parents have a house under a weird agreement where sale of the house is strictly controlled by Stanford University.
SBF's parents pledged to cover the rest of it (I think?)
There is no way SBF's parents are worth 25 million dollars. Or 249 million dollars. Unless SBF parked millions of dollars of FTX profits with them. which just opens more questions.
Source: 10 years in criminal court
Funnily enough, I had my bail revoked last year because I retweeted a posting from the county public defender's office about the serious flaws with house arrest monitoring.
I doubt you'll see movement on, for example, the parents' house, but I could imagine the monetary portion being forfeited.
(Edit: and I've read since posting that there will be no forfeiture here)
But the fact that he’s in custody and isn’t on the run, means there’s more risk politically to forfeit the money than to give it back.