FTX Crypto Founder Sam Bankman-Fried Thought Jail Was “Like The Shawshank Redemption”: Report


Mintz & Gold accomplice Ira Sorkin discusses whether or not accused fraudster Sam Bankman-Fried’s “open lips” will harm his prison case in The Claman Countdown.

Sam Bankman-Fried reportedly stated he thought his time in jail within the Bahamas can be just like the basic 1994 movie The Shawshank Redemption.

“I assumed it was going to be like The Shawshank Redemption,” the disgraced FTX Forbes founder and CEO informed Forbes in an unique interview revealed Thursday.

The movie, starring Morgan Freeman, was nominated for seven Oscars.

The previous billionaire informed the publication that he was assigned to a room with 5 different inmates within the facility’s infirmary to maintain him away from the final inhabitants.


Sam Bankman-Fried, co-founder of the FTX Cryptocurrency Derivatives Alternate, arrives in courtroom in New York on Tuesday, January 3, 2023. (Stephanie Keith/Bloomberg through Getty Photographs / Getty Photographs)

Bankman-Fried painted a vivid image of life at Fox Hill, showering with a backyard hose, drying himself with a towel three inches by 5 inches, and within the “worst mattress possible, fabricated from cardboard and one piece” slept on stilts fabricated from semi-soft plastic.”

As soon as the top of the world’s second largest cryptocurrency alternate, he stated he used his swimsuit jacket, which he wore to courtroom appearances, as a pillow.

The Bahamas Division of Justice’s Fox Hill Jail the place FTX co-founder Sam Bankman-Fried was held on December 20, 2022 in Nassau, Bahamas. (Joe Raedle/Getty Photographs/Getty Photographs)

The 30-year-old befriended the opposite inmates and didn’t really feel threatened, though some requested him for cash.


The worst factor, he informed Forbes, was the shortage of the web.

FTX co-founder Sam Bankman-Fried is escorted out of District Courtroom in Nassau, Bahamas on December 21, 2022. (Joe Raedle/Getty Photographs/Getty Photographs)

“I didn’t understand how far more vital to me than the rest mixed web entry was, however that was about 80% of the entire price in jail,” he stated, noting that he was given occasional entry to a newspaper.

Bankman-Fried claimed he was restricted to a 30-minute telephone name all through his keep, however was allowed to fulfill each day along with his Bahamian legal professionals.

FTX founder Sam Bankman-Fried exits Manhattan federal courthouse following his arraignment and bail listening to on December 22, 2022 in New York Metropolis. (Michael M. Santiago/Getty Photographs/Getty Photographs)

In December, he waived his proper to struggle extradition and agreed to return to america to face prices. He flew on a non-public FBI aircraft to an area police station in White Plains, New York, and his attorneys agreed to a $250 million bail settlement, partly funded by his mother and father’ $4 million California residence was supported, the place he’s now locked in with an digital ankle bracelet. He pleaded not responsible to a variety of federal prices of allegedly defrauding prospects and buyers and entered his plea by means of his attorneys.


Bankman-Fried’s trial is scheduled for October 2.

Fox Enterprise’ Breck Dumas, Marta Dhanis and Reuters contributed to this report.


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