BREAKING: Sam Bankman-Fried reportedly to be released on $250 million bond
Bankman-Fried will be required to live in his parents' Palo Alto, Calif. home, which would be put up as bond collateral. Both of his parents are professors at nearby Stanford University.
faces eight counts of fraud, conspiracy, campaign finance law violations and money laundering. The charges carry a maximum sentence of 115 years in prison.Wednesday that SBF would appear before a federal court judge in New York City "as soon as possible."
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