Billionaire Bill Ackman criticized the $250 million bond deal that allowed disgraced FTX founder Sam Bankman-Fried to live at his parents’ Bay Area home while awaiting federal trial on fraud charges.
The New York hedge fund manager, whose net worth was pegged by Forbes at $3.5 billion by dint of his ownership in Pershing Square Capital Management, tweeted that the bond deal is an indication of Bankman-Fried’s guilt since it apparently refutes his prior claims that he had no money left.
“I instinctually want to believe the best in people,” Ackman tweeted on Thursday. “When coupled with my strong belief that one is innocent until proven guilty, I can be at risk of trusting a crook.”
Bankman-Fried’s “posting $250m of bail is itself a criminal indictment and refutation of everything he has said to date,” Ackman wrote.
Ackman followed up with another tweet which read: “I just read the terms of the bail agreement.”
“The best one can say is that he has some very wealthy friends and family that believe in him, but with the guilty pleas and cooperation from his two…
