Disgraced FTX founder Sam Bankman-Fried was spotted early Friday arriving at his parents’ Palo Alto, California, home where he will remain under house arrest after being released on a record $250 million bond.
Two vehicles were seen pulling up to Joseph Bankman and Barbara Fried’s residence located on the edge of Stanford University’s campus at around 4:30 a.m.
A Stanford campus police vehicle was seen outside the home, where the accused cryptocurrency fraudster will be spending his time with mom and dad, both law professors.
Bankman-Fried, 30, who was back in the US after his extradition from the Bahamas, is facing a slew of federal charges, including wire fraud, conspiracy and money laundering carrying a sentence of up to 115 years in prison.
Bankman-Fried appeared in Manhattan federal court Thursday, when a judge signed off on a deal allowing the former CEO to be released on a $250 million bond and be placed under house arrest with an ankle monitor.