Sam Bankman-Fried Needed to Pay Donald Trump $5 Billion to Not Run for President in 2024

Former FTX CEO Sam Bankman-Fried explored the opportunity of providing Donald Trump a staggering $5 billion to dissuade him from operating for america presidency in 2024, Large Quick writer Michael Lewis revealed. 

Throughout a 60 Minutes interview on October 1, Lewis revealed Sam Bankman-Fried’s contemplation of this audacious proposal. 

He make clear Bankman-Fried’s perspective, explaining that SBF seen Trump’s potential candidacy as a risk to U.S. democracy, categorizing him as an “existential danger.”

Lewis revealed that SBF had explored not solely the monetary feasibility of the supply but additionally its legality. 

SBF was among the many top donors to the Democrats and in addition hundreds of thousands to Republicans. 

Nonetheless, the concept by no means materialized as a result of Bankman-Fried now not possessed the required $5 billion. 

Michael Lewis’s newest e-book “Going Infinite: The Rise and Fall of a New Tycoon” chronicles the ascent and descent of SBF’s fortunes.

Lewis Likened FTX Collapse to Pompeii

Along with this astonishing revelation, Lewis offered insights into his shut relationship with SBF, sharing that he spent over 70 days within the Bahamas throughout a number of journeys in 2022, forming a robust bond with the FTX founder.

Reflecting on the aftermath of FTX’s collapse in November 2022, Lewis likened it to the ruins of Pompeii, with private belongings and firm property deserted within the wake of the disaster.

As for the authorized implications of those claims, representatives for each Sam Bankman-Fried and Donald Trump declined to remark.

The author-journalist claimed that if there wasn’t a run on crypto deposits on FTX, the trade would nonetheless be there earning money. 

The upcoming high-profile trial of Sam Bankman-Fried is scheduled to begin on October 3 with jury choice, adopted by the formal trial proceedings beginning on October 4. 

The trial will contain seven fraud instances in opposition to SBF, together with two substantive costs requiring the prosecution to show Bankman-Fried’s involvement and 5 conspiracy costs.

Vogue Icon Anna Wintour Needed SBF to Sponsor Met Gala

Michael Lewis additionally revealed an unlikely connection between Sam Bankman-Fried and Vogue editor-in-chief and style icon Anna Wintour. 

Regardless of his status for informal apparel, hardly ever deviating from shorts and a T-shirt, Wintour expressed curiosity in having Bankman-Fried sponsor the celebrated Met Gala. 

Lewis characterised SBF as a ‘social experiment’ with immense monetary assets and a willingness to contribute generously. Nonetheless, all of it went precisely the other of what SBF got down to obtain, he added.