{"id":2107128,"date":"2023-11-24T13:41:01","date_gmt":"2023-11-24T18:41:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/convicted-dem-megadonor-hustling-in-new-prison-currency-behind-bars\/"},"modified":"2023-11-24T13:44:58","modified_gmt":"2023-11-24T18:44:58","slug":"convicted-dem-megadonor-hustling-in-new-prison-currency-behind-bars","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/convicted-dem-megadonor-hustling-in-new-prison-currency-behind-bars\/","title":{"rendered":"Dem Megadonor Convicted, Hustling Prison &#8216;Currency"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fconvicted-dem-megadonor-hustling-in-new-prison-currency-behind-bars%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2107128&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Convicted Dem Megadonor Hustling in New Prison &#8216;Currency&#8217; Behind Bars<\/h2>\n<p>Recently convicted cryptocurrency fraudster Sam Bankman-Fried is making waves in\u2064 Brooklyn\u2019s Metropolitan Detention Center by using packs of fish as a form of currency, according to The Wall Street Journal.<\/p>\n<p>Bankman-Fried, who was found guilty \u200cof\u200d seven fraud and conspiracy-related charges, discovered that mackerel fish had become \u2062a valuable commodity within the\u200c jail after smoking was banned. Inmates now use mackerel as a substitute for cigarettes, and Bankman-Fried has been using \u2064them to barter for services, such \u200das getting a \u200chaircut.<\/p>\n<p>Not only \u2063is Bankman-Fried trading fish for favors, but he is also rooming with some <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-epstein-madam-wouldnt-help-find-tapes-of-bill-clinton-because-it-would-hurt-hillarys-2016-run\/\" title=\"Report: Epstein Madam Wouldn\u2019t Help Find Tapes Of Bill Clinton Because It Would Hurt Hillary\u2019s 2016 Run\">high-profile individuals<\/a>. He shares a cell with former Honduran President Juan Orlando Hern\u00e1ndez and former Secretary of Public Security in Mexico Genaro Garcia\u2063 Luna, both of whom are\u200c facing drug charges.<\/p>\n<p>Additionally, Bankman-Fried has\u2063 reportedly been offering cryptocurrency advice to the guards.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Funny update on Sam Bankman-Fried <a href=\"https:\/\/twitter.com\/hashtag\/SBF?src=hash&#038;ref_src=twsrc%5Etfw\">#SBF<\/a>. \u2062 <a href=\"https:\/\/twitter.com\/hashtag\/FTX?src=hash&#038;ref_src=twsrc%5Etfw\">#FTX<\/a><\/p>\n<p>During his imprisoned life, Mackerel has become his new <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>! <\/p>\n<p>SBF\u2019s base currency \u200din prison is now mackerel, trading \u201cmacks\u201d for haircuts and more in jail.<\/p>\n<p>\u2013 Trading Macro to Mackerel<br \/>\n\u2013 From a Whale to a Macks <a href=\"https:\/\/t.co\/XW6FCgsUkV\">pic.twitter.com\/XW6FCgsUkV<\/a><\/p>\n<p>\u2014 Rover.eth\u200d (@Rovereth_) <a href=\"https:\/\/twitter.com\/Rovereth_\/status\/1727870780736934276?\">November 24, \u200b2023<\/a><\/p>\n<\/blockquote>\n<p>Bankman-Fried&#8217;s former cryptocurrency exchange, FTX, collapsed amid \u200dallegations of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/beleaguered-crypto-billionaire-was-hobnobbing-at-white-house-just-six-months-ago\/\" title=\"Beleaguered Crypto Billionaire Was Hobnobbing at White House Just Six Months Ago\">mishandling customer funds<\/a>. The jury found him\u200b guilty of\u200b misappropriating\u2064 and embezzling FTX customer\u200b deposits, as well as using\u200c stolen funds \u2062for campaign contributions to influence cryptocurrency regulation.<\/p>\n<p>As a major Democratic\u2063 donor, Bankman-Fried contributed over $30 million to Democrat-aligned causes during the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/three-more-house-dems-retire-ahead-of-2022-midterms-including-key-centrist-leader\/\" title=\"Three More House Dems Retire Ahead of 2022 Midterms, Including Key Centrist Leader\">2022 midterm election cycle<\/a>. He\u2064 was the second-largest individual contributor, according to The Washington Post.<\/p>\n<p>Bankman-Fried&#8217;s sentencing is scheduled\u200c for March 28, and he could face over 100\u200d years in prison.<\/p>\n<p>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.<\/p>\n<p>Bankman-Fried&#8217;s attorney and the MDC\u200c have not responded to requests for comment.<\/p>\n<div class=\"disclaimer\">\n<p><em>All content created by the Daily Caller News Foundation, an independent and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-weighs-in-on-deadly-subway-clash-after-desantis-calls-marine-a-good-samaritan\/\" title=\"Trump Weighs In on Deadly Subway Clash After DeSantis Calls Marine a 'Good Samaritan'\">nonpartisan newswire service<\/a>, is available without charge to any\u2064 legitimate news publisher that can provide a \u200dlarge audience. All republished articles must \u2062include\u200d our logo, our reporter\u2019s byline and their DCNF affiliation. For any questions about \u200bour guidelines or partnering with us, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/em><\/p>\n<\/div>\n<p>The\u200c post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/convicted-fraudster-dem-megadonor-exchanging-fish-services-behind-bars-report\/\">Convicted Dem Megadonor Hustling in New Prison &#8216;Currency&#8217; Behind Bars<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n<p> <\/p>\n<h2> \u2062 What \u2064does the fact that Bankman-Fried continues to offer cryptocurrency advice to prison guards suggest about \u200bhis ongoing involvement in the cryptocurrency world<\/h2>\n<p><span>  4rRcBqI&#8221;>pic.twitter.com\/X4rRcBqI<\/a><\/p>\n<p>\u2014 Danny Kim \u200d(@danny_kim9009) November 15, 2021<\/p><\/blockquote>\n<p>Bankman-Fried, who \u2062is the founder of cryptocurrency exchange FTX, was convicted \u2062in November 2021 for his involvement \u2062in \u200ca $17 \u2064million fraudulent \u2062scheme. The scheme involved the illegal manipulation of the \u200dcryptocurrency market to benefit Bankman-Fried and his firm. He now faces potential prison time\u200b and millions of dollars in \u200bfines.<\/p>\n<p>While\u2064 serving his sentence, Bankman-Fried seems to have\u200c found a way\u2062 to leverage his skills and connections\u2062 to navigate the prison environment. His ability to identify a valuable commodity in mackerel fish shows\u2063 his resourcefulness \u2063and adaptability.<\/p>\n<p>By utilizing mackerel as a form of currency, Bankman-Fried\u200b is \u2064able to trade for services\u2064 and favors within the prison system. This highlights the ingenuity and creativity that can\u2062 emerge even in the most unlikely circumstances.<\/p>\n<p>It is\u200d also noteworthy that Bankman-Fried has found himself in close proximity to other high-profile individuals \u2063who \u200chave faced legal troubles. This\u200c suggests that he continues to be connected to influential\u2062 figures, even behind bars.<\/p>\n<p>Furthermore, the report \u200csuggests that Bankman-Fried has been\u2063 offering cryptocurrency\u2062 advice to \u200bthe prison \u200cguards. This demonstrates his desire to stay involved in the cryptocurrency \u2062world and share \u200dhis knowledge with others, even\u2064 while incarcerated.<\/p>\n<p>The \u2062case of Sam Bankman-Fried serves as a\u200b reminder\u2062 of the pervasive influence of cryptocurrency and the potential \u2063for both legal and illegal activities within the industry. While cryptocurrency has brought\u200c about \u200dnumerous \u2062advancements and\u200b opportunities, it \u2062has also \u200cattracted individuals\u200d who seek to exploit its decentralized nature for personal gain.<\/p>\n<p>Bankman-Fried&#8217;s\u200b story also \u200csheds light \u2062on \u200bthe resilience and adaptability of individuals facing \u2063incarceration. Despite\u2063 the loss of \u200bfreedom, some individuals are able to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/right-leaning-private-american-graphic-novel-gets-canceled-by-kickstarter-daily-kos\/\" title=\"Right-Leaning \u201cPrivate American\u201d Graphic Novel Gets Canceled by Kickstarter, Daily Kos\">find innovative ways<\/a> to navigate their circumstances, using their skills and resources\u2062 to\u2063 their\u2064 advantage.<\/p>\n<p>As the cryptocurrency industry\u2063 continues to evolve and \u2063new regulations are put \u200din place,\u2063 it\u200c is crucial \u200cto remain vigilant and hold individuals accountable\u200b for \u2062their \u200cactions. Fraud and \u200cmanipulation have no \u200dplace in a legitimate and thriving market.<\/p>\n<p>Ultimately, the story of Sam Bankman-Fried and his use of \u2063fish as prison currency serves as a cautionary tale about the potential consequences of engaging in fraudulent activities. It also \u2062serves as a testament to \u2064the remarkable resilience and \u200bresourcefulness that\u2062 can emerge in unexpected situations.<\/p>\n<p>While \u200cBankman-Fried&#8217;s actions may have earned him a certain level of admiration within the prison walls, it \u2062is important to\u2062 remember that his activities ultimately\u200b led\u200c to his conviction and incarceration. The true value lies in ethical and legal pursuits\u2064 that contribute positively to society.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to The Wall Street Journal, Sam Bankman-Fried, a convicted cryptocurrency fraudster, is using fish packs as a form of payment while awaiting sentencing in Brooklyn&#8217;s Metropolitan Detention Center. Mackerel fish has become a valuable currency in the jail since smoking was banned, sources familiar with the matter revealed<\/p>\n","protected":false},"author":2092,"featured_media":2107129,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2107128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2107128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2092"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2107128"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2107128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2107129"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2107128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2107128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2107128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}