However, in exchange for Ellison’s decision to “truthfully and completely disclose all information concerning all matters” in the investigation, prosecutors agree to release the Stanford-educated math whiz on $250,000 bail.
Deals struck with federal prosecutors are not usually revealed before they have been completed, so the amount of prison time — if any — Ellison has agreed to serve will not be announced until after she has finished co-operating, likely once Bankman-Fried’s trial has concluded.
The bail sum is 1,000 times less than that of her former paramour, Bankman-Fried, who is holed up at his parents’ Palo Alto home with an ankle monitor after being released on a record-breaking $250 million bail bond following his extradition from the Bahamas.
As part of her plea, Ellison, a Massachusetts native whose parents both teach at MIT, is also not allowed to travel outside the continental United States, and was made to surrender her travel documents to law enforcement.
SBF's parents are Stanford professors. It is an article of faith to the left that high crimes in the ghettos are caused by poverty. How much grinding poverty did SBF and Ellison suffer?
And how did SBF post $250 million bond? Partly a house owned by Stanford. It must be a heckuva house. (Just kidding; there are doubtless a lot of other leftists who have pledged their homes to get SBF out.)
So what did people mean, c 1790, when they wrote and ratified "Excessive bail shall not be required..."? And what abuses of the time was that intended to prohibit?
ReplyDeleteIt seems to me that both the Left and the Right try to use the bail system to punish their enemies with "the process is the punishment" and to virtue signal how they are so very much opposed to certain crimes. Worse, the signals get amplified because of the Left's strange notions about what is or isn't a serious crime. (Looting is just malum prohibitum because of stuffy outdated right-wing notions of 'property rights,' while using lethal force in self-defense is a Crime Against Humanity even when barbaric 19th century laws make it technically legal.)
I am embarrassed to say that the history of the bail requirement is outside my area of knowledge.
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