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Sam Bankman-Fried is staying at mom and dad’s while spending his time under house arrest, following a record-breaking $250 million bond.
The home?
A cozy residence on the edge of Stanford University’s campus in Palo Alto, California.
Joseph Bankman and Barbara Fried, who are Stanford Law professors, purchased the home in 1992 for about $700,000 — some $1.5 million in today’s dollars — records show.
The home is estimated to be worth more than $4 million today.
Made up of four bedrooms and three baths, the home briefly hit the rental market in June 2013 for nearly $14,000 per month. By the end of the year, the home was up for rent asking a slightly less $12,000 a month.
