Author Michael Lewis comments that the revelation in his new book about Sam Bankman-Fried would only come as a shock to those unfamiliar with Sam. Additionally, former FTX CEO Sam “SBF” Bankman-Fried once explored the possibility of offering financial incentives to dissuade Donald Trump from running for United States president.
However, the revelation surfaced through Michael Lewis, the author of a newly published book titled “Going Infinite: The Rise and Fall of a New Tycoon,” depicting the captivating journey of SBF’s ascent and decline. During an interview on Oct 1, Lewis divulged fascinating insights into the enigmatic figure behind FTX—an erstwhile cryptocurrency magnate.
One revelation from the book delves into SBF’s contemplation of paying Donald Trump to refrain from running for president. According to Lewis, this might only startle those unfamiliar with Sam’s character. He further pondered on Sam’s idea: could we offer compensation to dissuade Trump from pursuing the presidency? And, if so, what amount would be sufficient?
“The amount being discussed was $5 billion,” he stated, acknowledging that SBF had doubts about the direct source of this figure from Donald Trump. SBF was also investigating the legality of the matter, as mentioned by Lewis. He added that ongoing discussions were taking place when FTX experienced a significant incident.
However, Bankman-Fried couldn’t bring this plan to fruition as he needed to have the required $5 billion at that time. He clarified this fact. Additionally, Lewis pointed out that SBF saw Trump as a danger to U.S. democracy and believed he posed a significant threat.
Michael Lewis’s Bahamas Bond With SBF, FTX Pompeii-Like Collapse, & Upcoming Fraud Trial: Insights & Update
In 2022, Lewis embarked on more than a dozen trips to the Bahamas. His time spent with SBF has surpassed 70 days, fostering their bond and strengthening their connection. Throughout these visits, Lewis enjoyed unprecedented access to every exquisite room, including the luxurious penthouse, where he comfortably lodged in spare bedrooms.
However, During the discussion of FTX’s collapse in Nov 2022, he drew a striking parallel, comparing its aftermath to that of Pompeii. The abandoned possessions, frozen in time, created a scene reminiscent of hurried departures to the airport. The curb left company cars with keys still inside.
Cointelegraph contacted legal representatives for Bankman-Fried and Trump to gather their input. Mark Botnick, who handles SBF’s case communication, informed us that their legal team did not have any comments at this time.
Furthermore, as per the recently released trial schedule calendar, the highly anticipated Bankman-Fried trial is scheduled to begin on Oct 3 with jury selection. The problem itself will commence officially on Oct 4.
The trial involves seven fraud cases against SBF. Within these cases, two substantive charges require the prosecution to establish Bankman-Fried’s guilt. Furthermore, five conspiracy charges are also under consideration.
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“The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.”
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