Sam Bankman-Fried Planned To Pay $5 Billion To Trump
The disgraced businessman is charged with seven federal counts of law, one of which is political sponsorship. According to Michael Lewis, Bankman-Fried planned to make a major contribution to the 2024 election campaign by paying Donald Trump $5 billion not to run for president.
In an interview for 60 Minutes, Michael Lewis, author of Going Infinite: The Rise and Fall of a New Tycoon, revealed shocking information about the activities of Bankman-Fried. According to Lewis, this information was shocking only to those who are not familiar with Sam. He added that before the FTX bankruptcy, Bankman-Fried and Trump were in talks. The businessman was also looking into the legality of the issue. It is unclear whose side set the $5 billion price tag. The deal did not happen only because Bankman-Fried's company went bankrupt.
Michael Lewis reports that Sam Bankman-Fried considered paying Donald Trump not to run for president. He even got a number: $5 billion, but never learned if it was a serious figure that came from Trump himself. https://t.co/WtGO1TPP4A pic.twitter.com/WeKCNByiTk— 60 Minutes (@60Minutes) October 1, 2023
Lewis spent several months in the Bahamas before the FTX bankruptcy. He described the collapse of the Bankman-Fried crypto empire as the fall of Pompeii. He said employees abandoned their apartments and company cars in the Bahamas, leaving the island in a hurry.
Sam Bankman-Fried's trial is set to begin on October 3. If he is found guilty on all charges, he faces up to 100 years in prison.