Bankman Fraud is not in jail. He spent only a few hours in remand custody and was quickly released to "house arrest" by judge Gabriel W. Gorenstein. He immediately purchased a business class flight ticket to travel to his Palo Alto(California) home and is spending his time devouring gourmet seafood and doing online gambling. His parents have arranged top-class security for him, paid by stolen money. His attorney has announced that he will enter plea sometime next week. There are 8 charges of fraud and conspiracy against him and he has the option to either plead guilty or fight the charges.