Dem Megadonor Convicted, Hustling Prison ‘Currency
Convicted Dem Megadonor Hustling in New Prison ‘Currency’ Behind Bars
Recently convicted cryptocurrency fraudster Sam Bankman-Fried is making waves in Brooklyn’s Metropolitan Detention Center by using packs of fish as a form of currency, according to The Wall Street Journal.
Bankman-Fried, who was found guilty of seven fraud and conspiracy-related charges, discovered that mackerel fish had become a valuable commodity within the jail after smoking was banned. Inmates now use mackerel as a substitute for cigarettes, and Bankman-Fried has been using them to barter for services, such as getting a haircut.
Not only is Bankman-Fried trading fish for favors, but he is also rooming with some high-profile individuals. He shares a cell with former Honduran President Juan Orlando Hernández and former Secretary of Public Security in Mexico Genaro Garcia Luna, both of whom are facing drug charges.
Additionally, Bankman-Fried has reportedly been offering cryptocurrency advice to the guards.
Funny update on Sam Bankman-Fried #SBF. #FTX
During his imprisoned life, Mackerel has become his new #Bitcoin!
SBF’s base currency in prison is now mackerel, trading “macks” for haircuts and more in jail.
– Trading Macro to Mackerel
– From a Whale to a Macks pic.twitter.com/XW6FCgsUkV— Rover.eth (@Rovereth_) November 24, 2023
Bankman-Fried’s former cryptocurrency exchange, FTX, collapsed amid allegations of mishandling customer funds. The jury found him guilty of misappropriating and embezzling FTX customer deposits, as well as using stolen funds for campaign contributions to influence cryptocurrency regulation.
As a major Democratic donor, Bankman-Fried contributed over $30 million to Democrat-aligned causes during the 2022 midterm election cycle. He was the second-largest individual contributor, according to The Washington Post.
Bankman-Fried’s sentencing is scheduled for March 28, and he could face over 100 years in prison.
The Metropolitan Detention Center has faced numerous issues, including understaffing, power outages, and corruption. Despite the challenging circumstances, Bankman-Fried is doing his best to navigate prison life.
Bankman-Fried’s attorney and the MDC have not responded to requests for comment.
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The post Convicted Dem Megadonor Hustling in New Prison ‘Currency’ Behind Bars appeared first on The Western Journal.
What does the fact that Bankman-Fried continues to offer cryptocurrency advice to prison guards suggest about his ongoing involvement in the cryptocurrency world
4rRcBqI”>pic.twitter.com/X4rRcBqI
— Danny Kim (@danny_kim9009) November 15, 2021
Bankman-Fried, who is the founder of cryptocurrency exchange FTX, was convicted in November 2021 for his involvement in a $17 million fraudulent scheme. The scheme involved the illegal manipulation of the cryptocurrency market to benefit Bankman-Fried and his firm. He now faces potential prison time and millions of dollars in fines.
While serving his sentence, Bankman-Fried seems to have found a way to leverage his skills and connections to navigate the prison environment. His ability to identify a valuable commodity in mackerel fish shows his resourcefulness and adaptability.
By utilizing mackerel as a form of currency, Bankman-Fried is able to trade for services and favors within the prison system. This highlights the ingenuity and creativity that can emerge even in the most unlikely circumstances.
It is also noteworthy that Bankman-Fried has found himself in close proximity to other high-profile individuals who have faced legal troubles. This suggests that he continues to be connected to influential figures, even behind bars.
Furthermore, the report suggests that Bankman-Fried has been offering cryptocurrency advice to the prison guards. This demonstrates his desire to stay involved in the cryptocurrency world and share his knowledge with others, even while incarcerated.
The case of Sam Bankman-Fried serves as a reminder of the pervasive influence of cryptocurrency and the potential for both legal and illegal activities within the industry. While cryptocurrency has brought about numerous advancements and opportunities, it has also attracted individuals who seek to exploit its decentralized nature for personal gain.
Bankman-Fried’s story also sheds light on the resilience and adaptability of individuals facing incarceration. Despite the loss of freedom, some individuals are able to find innovative ways to navigate their circumstances, using their skills and resources to their advantage.
As the cryptocurrency industry continues to evolve and new regulations are put in place, it is crucial to remain vigilant and hold individuals accountable for their actions. Fraud and manipulation have no place in a legitimate and thriving market.
Ultimately, the story of Sam Bankman-Fried and his use of fish as prison currency serves as a cautionary tale about the potential consequences of engaging in fraudulent activities. It also serves as a testament to the remarkable resilience and resourcefulness that can emerge in unexpected situations.
While Bankman-Fried’s actions may have earned him a certain level of admiration within the prison walls, it is important to remember that his activities ultimately led to his conviction and incarceration. The true value lies in ethical and legal pursuits that contribute positively to society.
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