https://www.cnbc.com/2023/02/15/sam-bankman-frieds-two-bond-guarantors-revealed-after-unsealing-.html Skip Navigation logo * watchlive logo Markets * Pre-Markets * U.S. Markets * Currencies * Cryptocurrency * Futures & Commodities * Bonds * Funds & ETFs Business * Economy * Finance * Health & Science * Media * Real Estate * Energy * Climate * Transportation * Industrials * Retail * Wealth * Life * Small Business Investing * Personal Finance * Fintech * Financial Advisors * Options Action * ETF Street * Buffett Archive * Earnings * Trader Talk Tech * Cybersecurity * Enterprise * Internet * Media * Mobile * Social Media * CNBC Disruptor 50 * Tech Guide Politics * White House * Policy * Defense * Congress * Equity and Opportunity CNBC TV * Live TV * Live Audio * Business Day Shows * Entertainment Shows * Full Episodes * Latest Video * Top Video * CEO Interviews * CNBC Documentaries * CNBC Podcasts * CNBC World * Digital Originals * Live TV Schedule Watchlist Investing Club * Trust Portfolio * Analysis * Trade Alerts * Video * Homestretch * Education PRO * Pro News * Pro Live * Subscribe * Sign In Menu * Make It * Select * USA * INTL * watchlive Search quotes, news & videos Watchlist SIGN IN Create free account logo Markets Business Investing Tech Politics CNBC TV Watchlist Investing Club PRO Menu Tech FTX founder Sam Bankman-Fried's two bond guarantors unsealed, both with ties to Stanford Published Wed, Feb 15 20233:03 PM ESTUpdated An Hour Ago Rohan Goswami@rogoswami WATCH LIVE Key Points * The names of two of FTX co-founder Sam Bankman-Fried's guarantors were made public after a judge granted a motion to have their identities unsealed. * The guarantors are Larry Kramer and Andreas Paepcke. * Kramer, former dean of Stanford Law School, told CNBC that he made the decision to help the Bankman-Fried family after their years of supporting him. Sam Bankman-Fried's bond guarantors released watch now VIDEO0:3100:31 Sam Bankman-Fried's bond guarantors released Closing Bell The names of two of FTX co-founder Sam Bankman-Fried's guarantors were revealed on Wednesday, after an unsealing motion from media companies including CNBC was granted by a Manhattan federal judge. Bankman-Fried was released on $250 million recognizance bond in December after he was indicted on criminal fraud charges. In all, there were four guarantors, including his parents, to ensure Bankman-Fried's cooperation with pretrial detention requirements. The other two guarantors are now known to be Larry Kramer, who is president of the William and Flora Hewlett Foundation and dean emeritus at Stanford Law School, and Andreas Paepcke, a senior research scientist at Stanford University. Their names had been sealed, but several media outlets moved to have their identities made public. Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images Both of Bankman-Fried's parents, Joe Bankman and Barbara Fried, are on the faculty of Stanford. They live near the university. "Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s," Kramer told CNBC's Eamon Javers. "During the past two years, while my family faced a harrowing battle with cancer, they have been the truest of friends -- bringing food, providing moral support, and frequently stepping in at moment's notice to help. In turn, we have sought to support them as they face their own crisis." Kramer said he was acting "in my personal capacity" and has "no business dealings or interest in this matter other than to help our loyal and steadfast friends." Kramer signed a $500,000 unsecured bond, while Paepcke signed the same type of bond for $250,000. Paepcke, who graduated from Harvard University and has a Ph.D. in computer science from a school in Germany, did not immediately respond to a request for comment. The only information provided in the unsealed documentation was the names of the guarantors and the dates they signed the documents. Their names match the identities of two Stanford University-associated individuals. Bankman-Fried's initial release was secured by both his family home and by the two bonds. The former crypto billionaire will return to New York later this week for a hearing before a Manhattan federal judge over his bail conditions, and he's expected to face federal trial in October. He pleaded not guilty in January. -- CNBC's Eamon Javers contributed to this report. WATCH: Prosecutors say Sam Bankman-Fried's contact with FTX employees suggests witness tampering Prosecutors say Sam Bankman-Fried's contact with FTX employees suggests witness tampering watch now VIDEO4:0604:06 Prosecutors say SBF's contact with FTX employees suggests witness tampering Worldwide Exchange logoTV WATCH LIVElogoWATCH IN THE APP UP NEXT | ETListen logoTV WATCH LIVElogoWATCH IN THE APP UP NEXT | ETListen logo * Subscribe to CNBC PRO * Licensing & Reprints * CNBC Councils * Select Personal Finance * CNBC on Peacock * Join the CNBC Panel * Supply Chain Values * Select Shopping * Closed Captioning * Digital Products * News Releases * Internships * Corrections * About CNBC * Ad Choices * Site Map * Podcasts * Careers * Help * Contact * * * * * * * News Tips Got a confidential news tip? We want to hear from you. Get In Touch Advertise With Us Please Contact Us CNBC Newsletters Sign up for free newsletters and get more CNBC delivered to your inbox Sign Up Now Get this delivered to your inbox, and more info about our products and services. Privacy Policy|Do Not Sell My Personal Information|CA Notice|Terms of Service (c) 2023 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers Data also provided by Reuters comscore