this post was submitted on 02 Oct 2023
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125
Sam Bankman-Fried would readily choose a Brooklyn jail cell with internet access over a $39 million Bahamas penthouse that doesn't have Wi-Fi, author of FTX book says (www.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Sam Bankman-Fried would readily choose a Brooklyn jail cell with internet access over a $39 million Bahamas penthouse that doesn't have Wi-Fi, author of FTX book says::"Now that sounds crazy, but I do think that if he had the internet, he could survive jail forever," author Michael Lewis said of Sam Bankman-Fried.

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[–] [email protected] 3 points 1 year ago

This is the best summary I could come up with:

Michael Lewis shared his views on Bankman-Fried during an interview on "60 Minutes," which aired on Sunday.

Lewis's book on the rise and fall of the now-bankrupt cryptocurrency exchange, "Going Infinite," is set to be published on Tuesday.

Lewis told "60 Minutes" that Bankman-Fried's greatest fear about going to prison would be losing his internet access.

Without having a constant stream of information to react to — I think he may go mad," said Lewis, who has penned books on finance such as "The Big Short" and "Flash Boys."

Bankman-Fried was charged in December 2022 with illegally funneling millions of dollars from FTX customer funds into his trading firm, Alameda.

The embattled crypto entrepreneur is scheduled to go on trial on Tuesday, where he will face seven criminal charges ranging from securities fraud to money laundering.

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