The former dean of Stanford Law who co-signed Sam Bankman-Fried's bail says he did so because SBF's parents have been "the truest friends" and helped his family through a "painful battle with cancer." .
In an emailed statement to Cointelegraph on Feb. 16, Larry Kramer said he co-signed Bankman-Fried’s bail in return.
"Joe Bankman and Barbara Freed have been close friends of my wife and I since the mid-1990s," Kramer said. He said that over the past two years, Bankman and Fried provided food and moral support while “frequently stepping in at moment’s notice to help” during his family’s battle with cancer.
“In turn, we have sought to support them as they face their own crisis,” he added.
This claim was corroborated by Bankman-Fried’s previous statements, in which the former FTX CEO allegedly denied that either of two previously undisclosed guarantors had received any payments from FTX or sister company Alameda Research.
Kramer did not comment on the legal woes facing Bankman-Fried, noting that "that's what the trial is about."
Another guarantor is Andreas Paepcke, a senior research scientist at Stanford University. He did not respond to questions by press time. The crypto community has been scouring the web for more details about Paepcke, but outside of their association at Stanford, there appears to be little information linking him to Bankman-Fried, a former law professor at Stanford.
U.S. District Judge Lewis Kaplan allowed the two former law professors to be identified on Feb. 15 after receiving petitions from eight major media outlets in a Jan. 12 letter. Attorneys for Bankman-Fried had tried to keep the pair anonymous, arguing that they could be intruded, threatened and harassed if their names were made public.
However, Kaplan disagreed, noting that the two had voluntarily signed personal bonds in a "highly publicized criminal proceeding," thereby exposing themselves to public scrutiny.
