Los Angeles, California – After nearly ten months in a downtown detention facility, celebrity socialite Bryan White was released on a $250,000 bail bond on Wednesday. White, 34, was arrested in February on charges of alleged financial fraud and money‑laundering tied to a cryptocurrency scheme that defrauded investors of an estimated $12 million.
The bail decision came despite the prosecution’s request to keep White in custody, citing flight‑risk concerns. A judge cited the lack of a formal committal hearing—a procedural requirement that had been pending for over 280 days—as a key factor in setting the bond.
White’s legal team argued that his ties to the community, including his recent charitable work with the LA Children’s Hospital, demonstrated his willingness to remain in the jurisdiction. “Mr. White is a respected member of society with deep roots here,” said attorney Maya Patel. “The extended pre‑committal detention was excessive and unwarranted.”
The case has drawn intense media scrutiny, with social media users divided over whether White’s affluent background afforded him preferential treatment. Critics claim that the bail amount is low for the alleged scale of the fraud, while supporters argue that the presumption of innocence should prevail.
The prosecution has indicated it will appeal the bail ruling and is preparing to move the case to a federal court, where additional charges could be filed. The next scheduled court appearance is set for November 12, when a formal committal hearing will determine whether the case proceeds to trial.