As a researcher with a background in criminal justice and psychology, I find Sam Bankman-Fried’s interview intriguing yet disturbing. The fact that he has not experienced abuse or felt unsafe while in prison is concerning, given the serious charges he faces. However, it’s essential to keep an open mind and consider his perspective as a complex individual with unique experiences.
Sam Bankman-Fried, the disgraced founder of FTX, shared that he hasn’t encountered any abuse and feels secure. The one thing that bothers him slightly is being questioned about the rice bags intended for trading during late nights.
This was his first comprehensive interview since being imprisoned.
SBF’s Prison Survival: Beans, Rice, and a Currency System
The founder of FTX and co-founder of Alameda Research, who was convicted of wire fraud, money laundering, and conspiracy last November, has created a new type of currency for trading during his incarceration at the Metropolitan Detention Center in Brooklyn.
In an interview with William D Cohan of Puck News, arranged by his mother Barbara Fried, the ex-CEO of the cryptocurrency exchange shared that he manages to get by with beans and rice purchased from the commissary. Remarkably, his rice has taken on the role of a currency within the MDC.
During the interview, Cohan was prohibited from using a pen, notepad, recording device, phone, or watch to jot down notes. Instead, he had to commit all the important details to memory and write them down afterwards.
Based on Cohan’s assessment, Sam Bankman-Fried (SBF) is believed to have shed approximately 25 pounds and seems healthier. This improvement might be attributed to his assertion that the vegan meals he receives are unappetizing, and inmates have reportedly described their smell as unpleasant.
Intention to Appeal
The convict spoke candidly about his experiences in federal prison while continuing to proclaim his innocence and announcing plans to file an appeal against his conviction. Bankman-Fried shared with Cohan his belief that he was unfairly blamed for the downfall of FTX, attributing it instead to oversight which left the company susceptible to crises like a bank run and rival actions.
He maintains that civil, rather than criminal, sanctions are more suitable in this case. According to Cohan’s observation, despite the court verdict, SBF persists in asserting his innocence and views himself as a person who was not afforded adequate opportunity to engage with prosecutors in negotiations.
Instead of expressing regret over the $8 billion in customer funds I was found guilty of mishandling at FTX, I instead shifted blame towards the lawyers to whom I had transferred control of the firm.
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2024-05-12 20:54