Bail Plan

It is reported that SBF will propose a revised bail plan aimed at satisfying judges’ dissatisfaction with their use of technology during house arrest. After being released on bail of $250 million, SBF was confined to its parents’ house with monitoring devices on its ankles, but its use of encrypted text messaging applications and virtual private networks (VPNs) angered U.S. District Judge Lewis Kaplan. Kaplan said that if the SBF is dissatisfied with these restrictions, he will withdraw his bail plan and send him to prison before the October trial. SBF will propose a revised bail plan to meet the judge’s dissatisfaction with the use of technology during house arrest Analysis based on this information:In recent news, it has been reported that SBF, who was released on bail of $250 million but confined to his parents’ home with monitoring devices on his ankles, will propose a revised bail plan. The plan aims to address judges’ concerns about his use of…