Sam Bankman-Fried Says He Thought Jail in Bahamas Would Be “Like the Shawshank Redemption”
Ira Sorkin, Mintz & Gold partner, discusses whether Sam Bankman-Fried, accused fraudster, will lose his criminal case on The Claman Countdown.
Sam Bankman-Fried According to reports, he believed that his time in jail in the Bahamas would be similar to the classic 1994 film. “The Shawshank Redemption.”
“I thought that it was going to be like The Shawshank Redemption,” The Disgraced founder of FTX Forbes was able to interview the CEO in an exclusive interview that was published on Thursday.
Motion picture starring Morgan Freeman was nominated to seven Academy Awards.
The ex-billionaire said that he was given a room in the facility’s hospital with five other prisoners, which kept him away from the general public.
SAM BANKMAN-FRIED TEWEETS AWAY, WHILE UNDER HOUSE ARREST
Sam Bankman-Fried is the co-founder and first judge of FTX Cryptocurrency Derivatives Exchange. He arrives in New York on Tuesday, January 3, 2023. (Stephanie Keith/Bloomberg via Getty Images/ Getty Images
Bankman-Fried painted an evocative picture of Fox Hill. He was seen showering with a gardenhose, drying with a towel measuring three by five inches, and then sleeping in the Fox Hill bed. “worst possible bed that you can imagine, made of cardboard and a piece of semi-soft plastic on top of stilts.”
Once the head of world’s second-largest cryptocurrency exchangeHe claimed that he used his suit jacket, which he wore to court appearances, as a pillow.
The Bahamas Department of Corrections Fox Hill Prison is where FTX cofounder Sam Bankman-Fried was kept on December 20, 2022, in Nassau. (Joe Raedle/Getty Images/ Getty Images
The 30-year-old made friends and felt safe with his fellow inmates, even though some of them wanted him to pay money.
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Forbes reported that the worst thing about it was the absence of internet.
Sam Bankman Fried, founder of FTX is escorted to the Magistrate’s court in Nassau on Dec. 21, 2022. (Joe Raedle/Getty Images/Getty Images
“I didn’t realize how much more important than everything else combined internet access is to me, but that was like 80% of the total cost of being in prison, ” He stated that he could occasionally access a newspaper,
Bankman-Fried stated that he only had one 30-minute call during his entire stay. However, he was allowed to meet with his Bahamian attorneys every day.
After his arraignment in Manhattan Federal Court and bail hearings, Sam Bankman-Fried, founder of FTX, leaves New York City’s Manhattan Federal Court. (Michael M. Santiago/Getty Images/Getty Images
He waived his right of extradition and agreed that he would return to the U.S. in December to face charges. He flew with a private FBI airplane to White Plains police station, New York. There, his lawyers agreed on a $250 million bail agreement, supported in part by his $4 million California house. He I pleaded not guilty To avoid a slew of federal charges, he pleaded guilty through his lawyers.
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Bankman-Fried’s trial is set for Oct. 2.
This report was contributed by Marta Dhanis, Fox Business’ Breck Dumas and Reuters
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