FTX’s Sam Bankman-Fried pays $10K every week for armed safety

Estimated read time 3 min read

PALO ALTO, Calif. — Amid dying threats and sudden world notoriety, accused FTX scammer Sam Bankman Freed and his dad and mom flip their luxurious Stanford residence right into a closely guarded fortress. I modified.

Sources say the household paid about $10,000 every week to have a non-public Bay Space safety agency patrol the plush, 3,000-square-foot mansion, with a number of armed guards on responsibility 24 hours a day. .

“They’re nervous,” stated one supply. “There have been dying threats. They have not taken an opportunity.”

Bankman-Fried has closed the cryptocurrency after his FTX change collapsed amid federal prosecutors’ investigation into allegations of illegally utilizing investor cash to help his Alameda hedge fund. confused.

After being imprisoned within the Bahamas, the place he constructed a cryptocurrency empire, he was extradited to the USA and is at present underneath home arrest on $250 million bail.

This episode had an ideal influence on Bankman-Fried’s father, Joseph Bankman, a Stanford legislation professor, and his mom, Barbara Fried, a tax skilled on the similar college.

Safety patrols the three,000-square-foot Stamford Residence.

On the morning of December 22, 2022, Sam Bankman-Freed's mother, Barbara Freed, enters federal courthouse at 500 Pearl Street.

Barbara Freed, the mom of an FTX scammer, works as a tax skilled at Stanford College.


FTX founder Sam Bankman-Fried leaves Manhattan federal court after an arraignment and bail hearing in New York City on December 22, 2022.

Sam Bankman-Fried and his dad and mom are paying $10,000 every week for safety, sources say.


Sources say the dad and mom have hardly ever left the home since their son’s surprising return, relying totally on delivered meals and groceries.

Cautious of prying eyes from all angles, the household expanded the fence on the property to restrict publicity to adjoining scholar dormitories and different residences.

Sources say Bankman was the one one to interrupt out of the hideout, attempting to alleviate stress with the occasional escorted jog.

Stamford officers have additionally taken steps to make sure safety across the Bankman-Fried homestead, barricading every finish of the quick block and manning privately contracted guards on the gate.

Sam Bankman-Fried leaving New York City Courthouse in New York City on Dec. 22, 2022.

Sam Bankman-Fried was imprisoned within the Bahamas.

The suspected scammer was placed under house arrest on a bond of $250 million.

The suspected scammer was positioned underneath home arrest on a bond of $250 million.


Former FTX CEO Sam Bankman-Fried's parents' home in Palo Alto, California, near the Stanford University campus.

Bankman-Fried has thrown cryptocurrencies into chaos with the collapse of FTX.


The Bankman-Fried residence, positioned in a forested and often quiet enclave close to Stanford College, has immediately changed into a vacationer attraction and an Instagram magnet.

The guests who stare on the facility vary from awe-inspiring college students to irritated neighbors to rocket scientists retiring for weekend bike rides.

One younger man got here residence together with his dad final week to inform reporters that he “misplaced the whole lot” at FTX and wished a glimpse of the previous hero’s present boarding home. He refused to present his title.

One other lady briefly descended on the scene and snapped a fast photograph of herself holding up an indication demanding justice for many who misplaced cash within the FTX debacle.

After securing a shot and lamenting the dearth of fellow protesters, she left.

Bankman-Fried, which faces as much as 115 years in jail for allegedly siphoning clients’ cash for himself, is ready to look in court docket in New York subsequent week.

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