(22 Dec 2022)
FOR CLEAN VERSION SEE STORY NUMBER: 4412224
ASSOCIATED PRESS
New York - 22 December 2022
1. Wide of Sam Bankman-Fried being escorted out of courthouse
HEADLINE TEXT: FTX founder allowed $250M bond, house arrest
ANNOTATION: Cryptocurrency entrepreneur Sam Bankman-Fried left Manhattan federal court after his parents signed a $250 million personal recognizance bond.
ANNOTATION: Bankman-Fried is accused of swindling investors and looting customer deposits on his FTX trading platform.
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2. SOUNDBITE: (English) Larry Neumeister, Associated Press:
"Sam Bankman-Fried appeared in a Manhattan courtroom today and was not required to enter a plea, but he was released on $250 million bail."
3. Traveling of Bankman-Fried being escorted into a car
ANNOTATION: He'll live at his parents' home in Palo Alto, California while he awaits trial.
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4. SOUNDBITE (English) Larry Neumeister, Associated Press:
"Sam Beckman-Fried had an amazing last 24 hours, where he was in the Bahamas waiving extradition then he was brought to the United States overnight, getting here very late. Then he was brought to the Manhattan courthouse today, where his parents were and where they agreed to sign this $250-million bail. And the prosecutor, Nicholas Roos, said that the fact that he waived extradition was a major factor in the prosecutors not asking that he be held without bail until trial."
5. Mid of Bankman-Fried being escorted out of the courthouse
6.SOUNDBITE (English) Larry Neumeister, Associated Press:
"Well the judge, magistrate judge who granted and accepted the bail package said he didn't really fear the risk of flight very much because at this point, Sam Bankman-Fried has such notoriety that it would be very hard for him to hide somewhere or to not be seen if he ran to an airport, to a train depot or a bus station to try to get out of the country."
ELIZABETH WILLIAMS - MUST CREDIT 'ELIZABETH WILLIAMS'
New York - 22 December 2022
7. Courtroom SKETCH of Bankman-Fried in court
ANNOTATION: The judge ordered an electronic monitoring device to be attached to Bankman-Fried before he left the courthouse.
8. Courtroom SKETCH of Bankman-Fried and lawyers in court
ANNOTATION: He faces the possibility of decades in prison if convicted on all counts.
STORYLINE:
Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse Thursday with his parents after they agreed to sign a $250 million bond and keep him at their California home while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform.
Assistant U.S. Attorney Nicolas Roos said in U.S. District Court that Bankman-Fried, 30, "perpetrated a fraud of epic proportions." Roos proposed strict bail terms, including a $250 million bond — which he said is believed to be the largest federal pretrial bond ever — and house arrest at his parents' home in Palo Alto, California.
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