{"id":1784867,"date":"2022-12-23T08:34:56","date_gmt":"2022-12-23T13:34:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1784867"},"modified":"2022-12-23T09:49:13","modified_gmt":"2022-12-23T14:49:13","slug":"sam-bankman-fried-arrives-at-parents-home-to-begin-house-arrest","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sam-bankman-fried-arrives-at-parents-home-to-begin-house-arrest\/","title":{"rendered":"Sam Bankman-Fried Arrives at Parents&#8217; Home to Begin House Arrest"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsam-bankman-fried-arrives-at-parents-home-to-begin-house-arrest%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1784867&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Disgraced FTX founder Sam Bankman-Fried was spotted early Friday arriving at his parents\u2019 Palo Alto, California, home where he will remain under house arrest after being released on a record $250 million bond. <\/p>\n<p>Two vehicles were seen pulling up to\u00a0<a href=\"https:\/\/nypost.com\/2022\/12\/22\/heres-where-sam-bankman-fried-will-be-under-house-arrest\/\" target=\"_blank\" rel=\"noreferrer noopener\">Joseph Bankman and Barbara Fried\u2019s residence<\/a>\u00a0located\u00a0in an exclusive neighborhood\u00a0on the edge of Stanford University\u2019s campus at around 4:30 a.m.<\/p>\n<p>A Stanford campus police vehicle was seen outside the home, where the accused cryptocurrency fraudster will be spending his time with mom and dad, both law professors.<\/p>\n<p>Bankman-Fried, 30, who was back in the US after his extradition from the Bahamas, is facing a slew of federal charges, including wire fraud, conspiracy and money laundering carrying a sentence of up to 115 years in prison.<\/p>\n<p>Bankman-Fried appeared in Manhattan federal court Thursday, when a judge signed off on a deal allowing the former CEO to be released on a $250 million bond and be placed under house arrest with an ankle monitor.<\/p>\n<p>Preparations for Bankman-Fried\u2019s ignominious homecoming had been underway for days in the well-heeled Upper San Juan community, <a href=\"https:\/\/www.mercurynews.com\/2022\/12\/22\/sam-bankman-fried-to-stay-at-parents-stanford-home-while-on-250m-bail\/]\" target=\"_blank\" rel=\"noreferrer noopener\">the Mercury News reported.\u00a0<\/a><\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sbf-and-family-arrives-sf-parents-home-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/sbf-and-family-arrives-sf-parents-home-1.jpg\" alt=\"A Stamford University campus police vehicle is seen outside Joseph Bankman and Barbara Fried&#039;s home.\" class=\"wp-image-25113807\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sbf-and-family-arrives-sf-parents-home-1.jpg?quality=75&#038;strip=all&#038;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sbf-and-family-arrives-sf-parents-home-1.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sbf-and-family-arrives-sf-parents-home-1.jpg?quality=75&#038;strip=all&#038;w=512 512w\"   style=\"display:none\"><\/a><figcaption>A Stamford University campus police vehicle is seen outside Joseph Bankman and Barbara Fried\u2019s home.  <\/figcaption><figcaption><span class=\"credit\">David G. McIntyre<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-05.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/sam-bankman-fried-arrives-parents-house-05.jpg\" alt=\"Sam Bankman-Friend parents&#039; house\" class=\"wp-image-25113832\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-05.jpg?quality=75&#038;strip=all&#038;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-05.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-05.jpg?quality=75&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>The property where Bankman-Fried will remain under house arrest.<\/figcaption><figcaption><span class=\"credit\">David G. McIntyre<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-04.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"674\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/sam-bankman-fried-arrives-parents-house-04.jpg\" alt=\"Sam Bankman-Friend&#039;s mom\" class=\"wp-image-25113834\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-04.jpg?quality=75&#038;strip=all&#038;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-04.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-04.jpg?quality=75&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Bankman-Fried is the son two law professors. <\/figcaption><figcaption><span class=\"credit\">Matthew McDermott<\/span><\/figcaption><\/figure>\n<p>Sheriff\u2019s deputies, campus police and private security closed roads with barrier barriers throughout the area Thursday afternoon to thwart curious onlookers.<\/p>\n<p>Bankman-Fried\u2019s parents bought their cozy four-bedroom, three-bath home in 1992 for about $700,000 \u2014 close to $1.5 million in today\u2019s money \u2014 records show.<\/p>\n<p>The property, built in 1917, is now estimated to be worth upwards of $4 million.<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-01.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/sam-bankman-fried-arrives-parents-house-01.jpg\" alt=\"Sam Bankman-Fried\" class=\"wp-image-25113838\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-01.jpg?quality=75&#038;strip=all&#038;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-01.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-01.jpg?quality=75&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Bankman-Fried faces charges that carry a possible 115 years in prison. <\/figcaption><figcaption><span class=\"credit\">Matthew McDermott<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-14.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/sam-bankman-fried-arrives-parents-house-14.jpg\" alt=\"Sam Bankman-Fried leaves Manhattan federal court\" class=\"wp-image-25113827\" width=\"618\" height=\"411\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-14.jpg?quality=75&#038;strip=all&#038;w=1233 1236w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-14.jpg?quality=75&#038;strip=all&#038;w=925 927w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-14.jpg?quality=75&#038;strip=all&#038;w=618 618w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-14.jpg?quality=75&#038;strip=all&#038;w=308 309w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/sam-bankman-fried-arrives-parents-house-14.jpg?quality=75&#038;strip=all 1024w\" \/><\/a><figcaption>Bankman-Fried was released on a record $250 million bond.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Although a far cry from Bankman-Fried\u2019s over-the-top luxury penthouse in the Bahamas where he was arrested last week, his parents\u2019 home is not devoid of charm, including a sun-dappled dining room with a fireplace, a modern kitchen, a library and a gated pool.<\/p>\n<p>Assistant US Attorney Nicolas Roos\u00a0on Thursday\u00a0said Bankman-Fried \u201cperpetrated a fraud of epic proportions\u201d by allegedly swindling investors and looting customer deposits on his FTX trading platform as it crumbled.<\/p>\n<p>Roos proposed strict bail terms including the $250 million bond \u2014 which he said is believed to be the largest federal pretrial bond ever.<\/p>\n<p>The \u201cpersonal recognizance bond\u201d was to be secured by the equity in Bankman-Fried\u2019s parents\u2019 home and the signature of them and two other financially responsible people with considerable assets, Roos said.<\/p>\n<p>The bail conditions also require that Bankman-Fried 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>Bankman-Fried is due back in court Jan. 3.<\/p>\n<p><em>With Post wires<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disgraced FTX founder Sam Bankman-Fried was spotted early Friday arriving at his parents\u2019 Palo Alto, California, home where he will remain under house arrest after being released on a record $250 million bond. Two vehicles were seen pulling up to\u00a0Joseph Bankman and Barbara Fried\u2019s residence\u00a0located\u00a0in an exclusive neighborhood\u00a0on the edge of Stanford University\u2019s campus at &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1784870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[6962,5175,10610,7176,4057,5458,3790,3653,5007,3819,6912],"class_list":["post-1784867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-the","tag-arrest","tag-arrives","tag-bankman-fried","tag-begin","tag-bongino","tag-home","tag-house","tag-parents","tag-report","tag-sam"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1784867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1784867"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1784867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1784870"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1784867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1784867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1784867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}