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Bankman-Fried to be released on $250 million bond, live with parents

Sam Bankman-Fried is due back in Manhattan federal court on Jan. 3. He will be arraigned and asked to enter a plea to the eight criminal counts he is facing. Prosecutors allege he defrauded investors and diverted billions of dollars in FTX customer money. The 30-year-old, clad in a charcoal suit and sporting stubble, came into the courtroom in leg shackles. . . .

Read more at www.washingtonpost.com