- FTX founder Sam Bankman-Fried, who was convicted on seven counts, gave an interview from jail to Puck.
- SBF advised Puck he spends his days in a big dormitory room with 35 different males.
- He mentioned he lives off beans and rice bought from the commissary, and his rice is now jail foreign money.
Sam Bankman-Fried has a brand new foreign money to commerce in jail on the Metropolitan Detention Middle in Brooklyn.
The disgraced FTX founder and cofounder of Alameda Analysis was convicted of wire fraud, cash laundering, and conspiracy in November.
He was sentenced to 25 years in jail in March and gave his first in-person interview from MDC to Puck Information’ William D. Cohan.
Within the interview, revealed on Thursday, Bankman-Fried mentioned his situations within the federal jail. He additionally mentioned he didn’t do something mistaken and is planning to attraction his conviction.
Cohan was not permitted a pen, pad, recorder, telephone, or watch in the course of the interview, so his observations have been subsequently written down.
The previous CEO of the cryptocurrency change advised Puck that he subsists off beans and baggage of rice bought from the commissary and that his rice “has change into one of many currencies of the realm inside MDC.”
Bankman-Fried, Cohan estimates, has misplaced 25 kilos and appears fitter, which can be partially as a result of he says the vegan meals he’s served is inedible and his fellow inmates advised him it smells like “shit.”
The previous crypto mogul, who is understood by his initials SBF, advised Puck he’s in a piece of the jail that primarily homes feminine prisoners however that his ward is a big room with bunk beds that holds 35 males. He mentioned that perhaps half of the lads had been convicted of homicide and have become cooperating witnesses.
The Federal Bureau of Prisons didn’t instantly reply to a request for remark from Enterprise Insider about Bankman-Fried’s jail quarters, nor did his attorneys.
He advised Puck his days include sitting within the room with the opposite males whereas 4 televisions play completely different channels. He mentioned he does not watch a lot TV however makes use of a pill to play video games or watch motion pictures.
He advised Puck that he has not been abused and doesn’t “concern for his security.” And the one time he’s pestered is at night time “about these baggage of rice, which they intend to make use of to barter,” he mentioned.
SBF was discovered responsible of stealing $8 billion from FTX prospects. Following his conviction, US Legal professional Damian Williams mentioned SBF “perpetrated one of many largest monetary frauds in American historical past — a multibillion-dollar scheme designed to make him the King of Crypto.” He was discovered responsible of commingling FTX buyer cash with that of Alameda Analysis, cash that prosecutors mentioned went to enriching executives.
FTX mentioned this week that it plans to pay again prospects.
